Crude Oil (CL1) Down $0.15 in Last 4 Hours, Tops All energy commodity; Crosses 20 Day Moving Average

Crude Oil 4 Hour Price Update

Updated July 29, 2021 01:52 AM GMT (09:52 PM 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 previous 4 hours. On a relative basis, Crude Oil was the worst performer out of all 6 of the assets in the energy commodity asset class the current 4 hour candle.

Crude Oil Daily Price Recap

Crude Oil entered today at $72.39, up 1.03% ($0.74) from yesterday. On a relative basis, today was pretty good: Crude Oil bested all 6 of the assets in the energy commodity class 🙂 The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

Notably, Crude Oil crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Crude Oil’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Crude Oil for the past day were:

  • From Laralyn:

    We may have joked about people being allergic to the crude oil and how they turned bright red and choked but it was all in good fun and also a product of Ye Olde Ancient Days of 2013. That was long before I had daughters… I mean, oil allergy sufferers who taught me it matters.

  • From onyiisay:

    Lord please destroy all that is holding the Indigenous People of #Biafra in forced unity with Nigeria. If it is the crude oil, let it quickly dry up, become worthless or be washed away by the ocean. Break into pieces all that strongholds & cover @MaziNnamdiKanu with your blood🙏

  • From AsimSiddiqPTi:

    Imran khan’s govt. presented its 3rd budget ,so he must not be held responsible for a current wave of inflation .This inflation is resulted due to price of crude oil rising in the international market and imbalance of cash flows in Pakistan .

As for a news story related to Crude Oil getting some buzz:

Crude Oil Prices Risk Forming a “Lower High” on Viral Concerns, Stockpiles Fall

Note: Low and High figures are for the trading day.