Gasoline (XB1) Down $0 in Last 4 Hours, Crosses 20 Day Moving Average; Bearish Engulfing Pattern Present
For additional context, note that price has gone up 6 out of the past 10 days.
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 On 4 Hour Chart, Started Today Up 3.19%; 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 the previous day.
Gasoline (XB1) Down $0 On 4 Hour Chart, Entered Today Up 3.19%; 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 the previous day.
Gasoline (XB1) Down $0 in Last 4 Hours, Entered Today Down 1.84%; in an Uptrend Over Past 90 Days
Relative to other instruments in the energy commodity asset class, gasoline ranked 4th since the day prior in terms of percentage price change.
Gasoline (XB1) Down $0 in Last 4 Hours, Started Today Down 0.31%; in an Uptrend Over Past 90 Days
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.
Gasoline (XB1) Down $0 in Last 4 Hours, Outperforms All energy commodity; Came Into Today Up For the 2nd Consecutive Day
Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe.
Gasoline (XB1) Down $0 Over Past 4 Hours, Entered Today Down 3.42%; in an Uptrend Over Past 90 Days
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.
Gasoline (XB1) Down $0 Over Past 4 Hours; Entered Today Up 4.88%
For another vantage point, consider that gasoline’s price has gone up 17 of the previous 30 trading days.
Gasoline (XB1) Down $0 in Last 4 Hours; Started Today Down 3.24%
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 On 4 Hour Chart, Underperforms All energy commodity; But Still in an Uptrend Over Past 30 Days
On a relative basis, gasoline was the worst performer out of all 6 of the assets in the energy commodity asset class today.