Crude Oil (CL1) Down $0.15 On 4 Hour Chart, 2 Day Down Streak Snapped; is Inching Close to 50 Day Average

Crude Oil 4 Hour Price Update

Updated April 23, 2021 01:53 AM GMT (09:53 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

The choppiness in the recent daily price action of Crude Oil continues; to start today, it came in at a price of 61.43 US dollars, up 0.13% ($0.08) since yesterday. 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 yesterday. Let’s take a look at the daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

Notably, the current price of Crude Oil is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 15 out of the past 30 days.

Overheard on Twitter

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

  • From gossipbabies:

    In honor of Earth Day I will be flying to United Airlines HQ in Chicago to protest their horrific use of fossil fuels by taking photos of my gender-defying body (I have wide hips) covered in crude oil and before you call me a hypocrite I’m flying Delta you dumb bitch

  • From SGBarbour:

    They will bestow upon you the label of “green producer”, “Net-Zero”, “carbon negative” or some other similar bullshit if you just invest your profits and buy their Carbon Offset Token.Yes, you, the evil crude oil producer. Buy our shitcoin and you too can be green.

  • From retsonbiz:

    #CHECK: Modern Islamic Extremism Can Be Traced 2D Forceful Occupation of Palestine, Creating The Jewish State & Palestinians Being Refugees in Their Land. Secondly, It Was Crude Oil Enabled Destructive Capitalism Power by Western Imperialism. We Built This House, We Go Enjoy am!

In terms of news links for Crude Oil here’s one to try:

72-Year-Old Fisher Hunger Strikes to Press Biden to Revive Crude Oil Export Ban

STOP OIL EXPORT.” She hopes her hunger strike will draw enough attention to pressure the Biden administration stop Houston-based oil and gas firm Max Midstream’s plans to invest $360 million to deepen and widen the Matagorda Ship Channel by 2023….It really is a mess, and they’re trying to expedite it.” Wilson is part of a coalition of Gulf Coast community leaders who delivered a letter this week signed by more than 230 climate, environmental justice, Indigenous, youth and community groups calling on President Joe Biden to reinstate the federal ban on crude oil exports by declaring a climate emergency….The week of actions marks the launch of a new Stop Fossil Fuel Exports campaign, which seeks to amplify the voices of frontline Gulf Coast communities of color most impacted by oil and gas exports in advance of Biden’s virtual climate summit today….Biden made a qualified statement on banning fossil fuel exports while on the campaign trail in 2020, telling a CNN climate town hall that, “I think we should [ban fossil fuel exports], in fact, depending on what it is they’re exporting for what they’re replacing….Ending oil and gas exports is a core pillar of Build Back Fossil Free — a growing grassroots campaign pushing Biden to take executive action to end fossil fuel extraction, declare a climate emergency, and protect communities reeling from the climate and COVID-19 crises….Wilson says she’s hopeful the Biden administration will take action on crude oil exports and the Matagorda Ship Channel dredging, telling Truthout that Juan Parras, the founder of Texas Environmental Justice Advocacy Services recently appointed to the White House’s Environmental Justice Advisory Council, recently paid her a visit at her mobile protest encampment at Lavaca Bay.