Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Started Today Up 1.28%; in an Uptrend Over Past 90 Days

Crude Oil 4 Hour Price Update

Updated July 21, 2021 01:53 AM GMT (09:53 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 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 67.2 US dollars, up 1.28% ($0.85) since yesterday. 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.

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Crude Oil Technical Analysis

The first thing we should note is that Crude Oil is now close to its 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 30 days Crude Oil’s price has gone up 19 them.