Gasoline (XB1) Down $0.02 in Last 4 Hours, 2 Day Down Streak Snapped; Nears 200 Day Moving Average
2) Govt should help in subsidizing the cost of hybrid vehicles.
Gasoline
(Last Updated October 30, 2020)
Hello! This is the news page for Gasoline. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On XB1, there is currently a downtrend on the 90, 30 and 14 day timeframes.
XB1 Moving Averages
The moving averages on XB1 indicate a trend that is clearly bearish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, XB1’s price is down $-0.09 (-7.67%) from the week prior. XB1 has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. From a weekly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 5, 10 and 20 week timeframes. 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.
Gasoline (XB1) Down $0.03 Over Past 4 Hours, Moves Down For the 2nd Day In A Row; Breaks Below 20 and 200 Day Averages
Stopping fracking will raise your gasoline price, electricity bill, shipping costs, etc.
Gasoline (XB1) Up $0.02 Over Past 4 Hours, Started Today Down 2.24%; Crosses 50 and 100 Day Moving Averages
Those trading within the energy commodity asset class should know that gasoline was the worst performer in the class today.
Gasoline (XB1) Up $0.01 Over Past 4 Hours, Entered Today Down 0.35%; Eyes 50 Day Average
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Gasoline (XB1) Up $0.08 Over Past 4 Hours, Crosses 200 Day Moving Average; Price Base in Formation Over Past 90 Days
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Gasoline (XB1) Down $0.03 On 4 Hour Chart, 2 Day Down Streak Ended; Breaks Above 20 and 100 Day Averages
Relative to other instruments in the energy commodity asset class, gasoline ranked 2nd since the previous day in terms of percentage price change.
Gasoline (XB1) Down $0.06 in Last 4 Hours, Entered Today Down 2.22%; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Gasoline (XB1) Up $0.02 On 4 Hour Chart, Underperforms All energy commodity; Started Today Down 4.96%
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Gasoline (XB1) Down $0.06 in Last 4 Hours, Started Today Up 1.49%; is Inching Close to 200 Day Average
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 previous day.
Gasoline (XB1) Up $0.04 On 4 Hour Chart, Started Today Down 4.99%; Crosses 50 and 200 Day Moving Averages
As in ‘does this woman work in the oil and gas industry?’