Gasoline (XB1) Down $0 in Last 4 Hours, 2 Day Up Streak Broken; in an Uptrend Over Past 90 Days
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.
Gasoline
(Last Updated April 15, 2021)
Welcome to the news page for Gasoline (XB1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
As for trends on XB1, we’re seeing a downtrend on shorter timeframes — but an uptrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
XB1 Moving Averages
XB1’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, suggesting the trend is generally upward, save for a decline that occurred about 3 weeks ago.
The chart below illustrates.
The View From the Weekly Timeframe
At the time of this writing, XB1’s price is up $0.07 (3.74%) from the week prior. XB1 has seen its price go up 8 out of the past 10 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows XB1’s price action over the past year.
Gasoline (XB1) Down $0 in Last 4 Hours; Started Today Up 1.21%
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 day prior.
Gasoline (XB1) Down $0 Over Past 4 Hours, Started Today Down 1.31%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 3rd since yesterday in terms of percentage price change.
Gasoline (XB1) Down $0 On 4 Hour Chart, Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 3rd since the previous day in terms of percentage price change.
Gasoline (XB1) Down $0 in Last 4 Hours, Tops All energy commodity; Entered Today Up 2.56%
Gasoline outperformed all 6 assets in the energy commodity asset class since yesterday.
Gasoline (XB1) Down $0 On 4 Hour Chart, Entered Today Up 2.11%; Crosses 20 Day Moving Average
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 3rd for the day in terms of price change relative to the previous day.
Gasoline (XB1) Down $0 in Last 4 Hours, Fares the Worst Out of energy commodity; Entered Today Down 0.86%
Those trading within the energy commodity asset class should know that gasoline was the worst performer in the class today.
Gasoline (XB1) Down $0 in Last 4 Hours, 3 Day Down Streak Snapped; Breaks Above 20 Day Average
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 3rd for the day in terms of price change relative to the previous day.
Gasoline (XB1) Down $0 On 4 Hour Chart, Entered Today Down For the 3rd Straight Day; But Still in an Uptrend Over Past 90 Days
Those trading within the energy commodity asset class should know that gasoline was the worst performer in the class today.
Gasoline (XB1) Down $0 Over Past 4 Hours, Came Into Today Down For the 2nd Straight Day; Breaks Below 20 Day Average
Relative to other instruments in the energy commodity asset class, gasoline ranked 4th since the day prior in terms of percentage price change.