(Last Updated January 12, 2021)
Hello! This is the news page for Gasoline. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On XB1, there is currently an uptrend on the 90, 30 and 14 day timeframes.
The moving averages on XB1 indicate a trend that is clearly bullish.
The chart below illustrates.
At the moment, XB1’s price is down $-0.02 (-1.39%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. 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.
Out of the 6 instruments in the energy commodity asset class, gasoline ended up ranking 2nd for the day in terms of price change relative to the day prior.
Relative to other instruments in the energy commodity asset class, gasoline ranked 3rd since the day prior in terms of percentage price change.
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
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 outperformed all 6 assets in the energy commodity asset class since the previous day.
Relative to other instruments in the energy commodity asset class, gasoline ranked 5th 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.
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 outperformed all 6 assets in the energy commodity asset class since the previous day.
Gasoline outperformed all 6 assets in the energy commodity asset class since the previous day.