Crude Oil (CL1) Down $0.15 On 4 Hour Chart; Entered Today Up 1.8%

Crude Oil 4 Hour Price Update

Updated April 30, 2021 01:53 AM GMT (09:53 PM EST)

Crude Oil entered the current 4 hour candle at $46.6, 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 came into today up 1.8% ($1.15) from the open of the day prior, marking the 3rd straight day an increase has occurred. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 2nd since the day prior in terms of percentage price change. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

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 10 of the previous 14 trading days.

Overheard on Twitter

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

  • From SahilKapoor:

    Back in Nov’07, while trading WTI Crude Oil, a fellow trader shorted WTIC at ~$100. His logic was, this absolute level of $100 was too expensive. It sounded preposterous but Oil actually fell 15% next week and traded below $100 for a number of weeks. Today Copper hit 10K.

  • From Rashfordonaldo:

    @goal In exactly 2 hours, Oil Classico will be live on my TV.
    It’s the first Oil Classico in the history of this beautiful game.At the End of the match I hope the club with the most oils win🙌🔥🔥-Honest Oil fan, I work at a Crude oil factory.

  • From JavierBlas:

    The change was the latest shift in the wider commodities markets. Iron ore followed other examples, such as the transformation of the crude oil pricing system in the late 1970s, and thermal coal in the early 2000s. Today, supply and demand, rather than secret talks, rule🧵14/15

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

Trade Ideas: GBPUSD Pin Bar Signal & Crude Oil Buying A Pullback – April 29th, 2021 » Learn To Trade The Market

Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product….Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product….Learn Advanced Price Action Strategies & High Probability Trade Entry Signals That Work Join Nial’s Trading Course Disclaimer: Any Advice or information on this website is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information….You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets.