Gasoline (XB1) Down $0 Over Past 4 Hours, Fares the Worst Out of energy commodity; Entered Today Down 1.33%
On a relative basis, gasoline was the worst performer out of all 6 of the assets in the energy commodity asset class today.
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 Over Past 4 Hours, Entered Today Up 0.23%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 5th since the day prior in terms of percentage price change.
Gasoline (XB1) Down $0 Over Past 4 Hours, Underperforms All energy commodity; 6 Day Up Streak Snapped
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; Started Today Up 0.8%
It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe.
Gasoline (XB1) Down $0 in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 5th Consecutive Day
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 5th for the day in terms of price change relative to the day prior.
Gasoline (XB1) Down $0 On 4 Hour Chart, Breaks Above 20 Day Average; Price Base in Formation Over Past 14 Days
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Gasoline (XB1) Down $0 in Last 4 Hours, Entered Today Up 0.4%; Pin Bar Pattern Appearing on Chart
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 (XB1) Down $0 Over Past 4 Hours, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Whether volatility reverts will be something to watch.
Gasoline (XB1) Down $0 in Last 4 Hours; Entered Today Up 0.38%
Relative to other instruments in the energy commodity asset class, gasoline ranked 2nd since the day prior in terms of percentage price change.
Gasoline (XB1) Down $0 Over Past 4 Hours, Started Today Down 0.74%; Pin Bar Pattern Appearing on Chart
For another vantage point, consider that gasoline’s price has gone up 6 of the previous 10 trading days.