Gasoline (XB1) Up $0.01 Over Past 4 Hours, Entered Today Down 0.35%; Eyes 50 Day Average

Gasoline 4 Hour Price Update

Updated October 08, 2020 12:50 AM GMT (08:50 PM EST)

Gasoline is up 1.23% ($0.01) since the last 4 hour candle, marking the 2nd straight candle an upward move has occurred. Relative to other instruments in the energy commodity asset class, Gasoline ranked 4th since the last 4 hour candle in terms of percentage price change.

Gasoline Daily Price Recap

The back and forth price flow continues for Gasoline, which started today off at 1.2094 US dollars, down 0.35% ($0) from the day prior. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 2nd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Gasoline.


Gasoline Technical Analysis

Notably, Gasoline is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Gasoline’s price has gone up 6 of the previous 10 trading days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

“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