Gasoline (XB1) Down 2.26%; in a Downtrend 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
(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) Up 2.04%; in a Downtrend Over Past 90 Days
Those trading within the energy commodity asset class should know that gasoline was the worst performer in the class today.
Gasoline (XB1) Up 6.3%, Breaks Above 20 Day Average; in a Downtrend Over Past 90 Days
Only vertically integrated oil companies can make a dime today.
Gasoline (XB1) Outperforms All Energy Commodities, But Still in a Downtrend Over Past 90 Days; Nears 20 Day Moving Average
Gasoline outperformed all 6 assets in the energy commodity asset class since the previous day.
Gasoline (XB1) Up 4.37%, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 30 Days
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 previous day.
Gasoline (XB1) Down 6.99%, Breaks Below 20 Day Average; in a Downtrend Over Past 90 Days
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Gasoline (XB1) Makes Big Move Relative to Two Week Trend, 5 Day Down Streak Broken; Crosses 20 Day Moving Average
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 previous day.
Gasoline (XB1) Makes Big Move Relative to Two Week Trend, Down 16.5%; in a Downtrend Over Past 90 Days
A fall in crude oil prices generally indicate a drop in gasoline prices if all else remain the same.
Gasoline (XB1) Down 4.77%; in a Downtrend Over Past 90 Days
In arkansas gasoline $1.29 if we took out the fed and state taxes it would be 59cents!!!!
Gasoline (XB1) Down 0.42%, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up.