Crude Oil (CL1) Down $0.15 in Last 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Crude Oil 4 Hour Price Update

Updated July 19, 2021 01:54 AM GMT (09:54 PM EST)

The back and forth price flow continues for Crude Oil, which started the current 4 hour candle off at 46.6 US dollars, 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

71.81 was the closing price of the day for Crude Oil, resulting in today being one in which price moved up 0.22% ($0.16) from the previous day. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 2nd since the previous day in terms of percentage price change. The daily price chart of Crude Oil below illustrates.


Crude Oil Technical Analysis

The first thing we should note is that Crude Oil is now close to its 20 day averages, located at 73.32 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Crude Oil’s price has gone up 19 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.

Overheard on Twitter

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

  • From DanielRegha:

    @Naija_PR The guy Erica tagged a keke driver is Stan Nze who’s a film actor so her statement of Mr Stan paying her N20k a day is just for cruise; The laughing emoji kinda proves it. Besides everyone knows no keke driver balances that amt a day, they transport humans not crude oil mbok.

  • From DavidHundeyin:

    “It will save Nigeria precious forex. How can we be importing petrol when we export crude oil?”πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚Na so dem dey take patriotism and emotional talk back.boozle una parents, still use the same format bamboozle una. Una pikin still dey warm up to chop the same lambaπŸ˜„

  • From Ambrosia_Ijebu:

    But now that crony capitalism has been injected into the bloodstream of the political economy (same way crude oil was injected via the creation of NNPC in Nigeria in the 70s), its all over because the politics becomes toxic and the state weakened by rampant corruption.