Gasoline 4 Hour Price Update
Updated September 21, 2020 12:50 AM GMT (08:50 PM EST)
Gasoline came into the current 4 hour candle up 2.18% ($0.03) from the open of the previous 4 hours, marking the 5th consecutive candle an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Gasoline ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.
Gasoline Daily Price Recap
Gasoline is up 1.12% ($0.01) since the day prior, marking the 6th day in a row an upward move has occurred. 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
Moving average crossovers are always interesting, so let’s start there: Gasoline crossed above its 50 and 200 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Gasoline for the past day were:
- From watch1326:
@NBSaphierMD @GovMurphy recent policy decisions show that he is totally out of touch with the realities of what is the best for the people of New Jersey… Tax increases illegals voting permits, gasoline price increases. What the hell is he thinking about.
“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