(Last Updated May 25, 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:
A trend/countertrend situation exists on XB1, in which an uptrend exists on shorter timeframes but a downtrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.
The moving averages on XB1 summarize its price action in an interesting way. The 20 and 50 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 100 and 200 day averages that imply a bearish trend. Ultimately, this suggests a bullish trend on shorter timeframes, compared to a bearish trend when observing more than 3 months of data. Moreover, today we saw the 50 moving average turn bullish.
Below is a chart showing XB1’s price with its moving averages.
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.
Relative to other instruments in the energy commodity asset class, gasoline ranked 4th since yesterday in terms of percentage price change.
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.
Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 and 30 day timeframes.
It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 and 30 day timeframes.
Traders will also want to note, though, that a counter trend — meaning a trend going up — can be seen on the 14 and 30 day timeframes.
For another vantage point, consider that gasoline’s price has gone up 16 of the previous 30 trading days.
On a relative basis, gasoline was the worst performer out of all 6 of the assets in the energy commodity asset class today.
How much revenue addition we generated by sufferings consumer segment?
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 yesterday.