Gasoline (XB1) Up $0.06 Over Past 4 Hours, Entered Today Up For the 5th Consecutive Day; Breaks Above 20 Day Average

Gasoline 4 Hour Price Update

Updated September 18, 2020 12:50 AM GMT (08:50 PM EST)

Gasoline came into the current 4 hour candle up 5.02% ($0.06) from the open of the last 4 hour candle, marking the 4th consecutive candle an upward move has occurred. Gasoline outperformed all 6 assets in the energy commodity asset class since the last 4 hour candle.

Gasoline Daily Price Recap

Gasoline came into today up 2.18% ($0.03) from the open of yesterday, marking the 5th 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 yesterday. 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 20 day moving average 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. For another vantage point, consider that Gasoline’s price has gone up 7 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Gasoline:

  • From HCSecuritiesEG:

    Egypt’s Ministry of Petroleum is set to announce the new gasoline and diesel prices in 2 weeks, following a meeting by the Egyptian government committee in charge of the indexation of gasoline price in the first week of October. (Al Borsa)

“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