Gasoline

(Last Updated November 26, 2020)

Welcome to the news page for Gasoline (XB1). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

A trend/countertrend situation exists on XB1, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.

XB1 Moving Averages

The moving averages on XB1 summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, implying a upward trend, aside from a drop about 6 months prior. Moreover, it should also be noted that the 100 SMA just turned bullish today.

The chart below illustrates.

The View From the Weekly Timeframe

At the time of this writing, XB1’s price is up $0.11 (9.56%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as XB1 has now gone up 4 of the past 5 weeks. Regarding the trend, note that the strongest trend exists on the 5 week timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 week moving averages, resulting in them with price now being above them. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. XB1’s weekly price action over the past 52 weeks can be seen via the chart below.