Crude Oil (CL1) Down $0.08 in Last 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Crude Oil 4 Hour Price Update

Updated November 20, 2020 01:49 AM GMT (09:49 PM EST)

The end of a 3 four-hour candle positive run has come for Crude Oil, which finished the previous 4 hours down 0.19% ($0.08). Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 3rd for the four-hour candle in terms of price change relative to the previous 4 hours.

Crude Oil Daily Price Recap

Crude Oil’s 3 day positive streak has officially concluded, as the candle from the previous day closed down 0.19% ($0.08). Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 3rd for the day in terms of price change relative to the previous day. Below is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 14 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.


“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram