Crude Oil 4 Hour Price Update
Updated July 13, 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
The back and forth price flow continues for Crude Oil, which started today off at 74.1 US dollars, down 0.62% ($0.46) from yesterday. Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Crude Oil.
Crude Oil Technical Analysis
Coming into today Crude Oil is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for Crude Oil has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 14 days Crude Oil’s price has gone up 8 them.
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 sane_indian:
@MrsGandhi @narendramodi In Manmohan Singh’s era crude oil prices saw a 60% increase from roughly 61 to 97 dollars per barrel.
In M0di era they have dropped from 93 to 62 and yet this govt has increased rates by 33%.If this is too difficult for you to understand, plz take help from any 6 yr old.
- From Indian10000000:
8. So, either way, consumers stand to lose !9. If we increase domestic prod. of Crude oil, we would save precious foreign exchange spent on Crude oil import, but the cartel of domestic oil companies would still not reduce the prices & govt doesn’t reduce the taxes either
- From Ambrosia_Ijebu:
In the near future, when crude oil is worthless and armed “bandits” have finally overrun all the Governors and the Emirs in the North, another version of Nigeria will have to be imagined by the people who want to remain.