Gasoline (XB1) Up 4.31%; in an Uptrend Over Past 14 Days

Gasoline Daily Price Recap

The back and forth price flow continues for Gasoline, which started today off at 0.7845 US dollars, up 4.31% ($0.0324) 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. The daily price chart of Gasoline below illustrates.

Gasoline Technical Analysis

Volatility for Gasoline has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. Or to view things another way, note that out of the past 14 days Gasoline’s price has gone up 10 them.

Overheard on Twitter

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

  • From DustyRoseYYC:

    If the gasoline price is $1.000 with a fake climate change tax of $0.05 it is a scam. If the gasoline price is $0.500 with a fake climate change tax of $0.05 it is still a scam. Why is this so hard to understand?

  • From DrPimK:

    @realDonaldTrump Can you think of any benefit of a high gasoline price to consumers? Me neither! WTF?
    This is going to increase the costs of all consumer products. Doesn’t he think we have suffered enough? #IdiotInChief

  • From Cactusman881:

    Today’s gasoline price was $1.29.