Gasoline (XB1) Up $0.01 in Last 4 Hours, Moves Up For the 3rd Consecutive Day; Breaks Above 50 Day Average

Gasoline 4 Hour Price Update

Updated November 19, 2020 01:50 AM GMT (09:50 PM EST)

Gasoline came into the current 4 hour candle up 0.84% ($0.01) from the open of the previous 4 hours, marking the 3rd consecutive candle it has gone up. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the previous 4 hours in terms of percentage price change.

Gasoline Daily Price Recap

Gasoline closed the day prior up 0.84% ($0.01); this denotes the 3rd consecutive day it has gone up. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 4th for the day in terms of price change relative to the day prior. Below is a daily price chart of Gasoline.


Gasoline Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Gasoline crossed above its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Gasoline:

  • From homelandlove:

    @EjioforBar December when Christians and Jews are travelling home for the holidays. Airport in Enugu will open after the holidays,gasoline price is increased by the Islamic Fulani caliphate government. You morons seriously want me to share a country with you all. #Referendum now.

“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram