Crude Oil (CL1) Down $0.15 in Last 4 Hours; Entered Today Up For the 4th Day In A Row

Crude Oil 4 Hour Price Update

Updated January 11, 2021 12:48 PM GMT (08:48 AM EST)

46.6 was the closing price of the four-hour candle for Crude Oil, resulting in the current 4 hour candle being one in which price moved down 0.32% ($0.15) from the last 4 hour candle. Those trading within the energy commodity asset class should know that Crude Oil was the worst performer in the class the current 4 hour candle.

Crude Oil Daily Price Recap

Crude Oil closed yesterday up 2.77% ($1.41); this denotes the 4th day in a row an upward move has occurred. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 3rd since yesterday in terms of percentage price change. 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 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Crude Oil’s price has gone up 10 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Crude Oil:

  • From aayeff1:

    The Govt has been quick to point out that global trends will affect India too. So a lot of blame which lies on Modi Govt for bad policy decsns before the Pandemic has been heaped on Covid19.
    At the same time, another global trend, that’s s falling fuel prices incl crude oil..1/2

  • From siddaramaiah:

    Petrol price was just Rs. 60-65 per litre when Crude oil price was $110 a barrel during UPA.
    Now, crude oil price is just around $ 42 but petrol price is more Rs. 85 per litre.The petrol price now should have been half of what it was during UPA.11/11
    #LiarBJP

  • From FilaliTony:

    I always wished to catch a project when first coming out, especially with a stealth launch! UNTIL a week ago! Grateful for the opportunity. $ELX a solution for the energy industry, crude oil is big people!!Watch the $ELX space big moves! $BTC $ETH $LTC $XRP $QNT $NPXS $LINK $ADA

For a longer news piece related to CL1 that’s been generating discussion, check out:

COVID-19 Vaccine Rollout & Gradual Revival Pushed Crude Oil Prices Above $50 Per Barrel: Report | OTV News

On a cumulative basis, a fall of 5.6 per cent yoy in domestic crude production was registered during April-November 2020,” the report said….β€œOn a cumulative basis, production, domestic consumption and exports declined 14.9 per cent yoy, 14.1 per cent yoy and 14.2 per cent yoy respectively, during April-November 2020,” it said.