Gasoline (XB1) Up 7.76%; in an Uptrend Over Past 14 Days

Gasoline Daily Price Recap

Gasoline came into today up 7.76% ($0.0753) from the open of the previous day, marking the 3rd day in a row an increase has occurred. 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 previous day. The daily price chart of Gasoline below illustrates.

Gasoline Technical Analysis

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. It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 and 30 day timeframes. If you’re looking to trade the primary trend, this may be a good opportunity to sell rallies created by the counter trend. For another vantage point, consider that Gasoline’s price has gone up 16 of the previous 30 trading 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 dojicandlestick:

    @GlobalRegina If you wish to continue that chart to the right simply go at a downward angle until you get to $20 except for the Blimp to when it went to negative $30…. I didn’t see a gasoline price under $0.84 a litre. You are all being robbed every day you go to the gas pump

  • From HosainRaya:

    @A7_Mirza Hopefully they get to Venz. And kick a normal internacional price sales for gasoline
    Price is still officially at $ 6x10power -10 per liter.
    This way a normal economy will start, where you pay real prices

  • From cldala:

    @realDonaldTrump So you succeeded in raising our gasoline price at the pump so Exxon’s shareholders benefit? MAGA