Crude Oil 4 Hour Price Update
Updated April 20, 2021 01:53 AM GMT (09:53 PM EST)
The choppiness in the recent four-hour candle price action of Crude Oil continues; to start the current 4 hour candle, it came in at a price of 46.6 US dollars, down 0.32% ($0.15) since the last 4 hour candle. 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
The back and forth price flow continues for Crude Oil, which started today off at 63.38 US dollars, up 0.4% ($0.25) from the day prior. Relative to other instruments in the energy commodity asset class, Crude Oil ranked 4th since the day prior in terms of percentage price change. Here is a daily price chart of Crude Oil.
Crude Oil Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. Or to view things another way, note that out of the past 10 days Crude Oil’s price has gone up 7 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 UselessBuhari:
@Simply_Sanusi @Afatiafu @mr_robmichael @jrnaib2 If u are doing well then form ur country. U people have Gold, yet u are using it to buy guns instead of using the proceeds to develop the nation. Still south crude oil is for the entire nation.Buying guns to fight who? Buying gun instead of development, a sign of low mentality.
- From JamieBQuynn13:
@anonymouspaul07 I like fresh pine wood (Norway). And rain on asphalt (home in northern Germany). I also like a crude oil smell that remind me of the ferry going to Norway. And the smell of algae and saltwater reminds me again of home. There’s a J&J creme reminds me of my vacation to AZ & NM.
- From GhalebM0nz1i7:
Saudi rulers are bent on using the specter of #Iranian influence as a pretext to pilfer #Yemen’s immense hydrocarbon wealth for themselves – and the profits from the over 100 million barrels of #Yemeni crude oil have gone into Saudi bank accounts, not into Yemen’s
In terms of news links for Crude Oil here’s one to try:
“They called our community the path of least resistance.” Black community in Memphis fights back against oil pipeline When her father died, Linda Hayes said his last request to her was to take care of the vegetable garden he grew for his community at his home in Boxtown, Tennessee….But a proposed 49-mile crude oil pipeline connecting a refinery in Memphis to an existing pipeline in Marshall County, Mississippi, now threatens to cut through Boxtown, spurring allegations of environmental racism from community members including Hayes….Cohen cited the historic nature of communities including Boxtown as well its potential to contaminate the Memphis aquifer….Martin said the pipeline route was chosen “very carefully and deliberately” — avoiding properties with homes on them and emphasizing that “this pipeline is not about race, it’s about safety.” She added that pipelines and aquifers “coexist safely across the country,” noting that they currently have a pipeline “operating safely on top of the Memphis Sands aquifer and we expect that our pipeline will be no different.” Pipeline operators have said the construction will support some 500 direct and indirect jobs in the area, as well as provide more than $3 million in local tax revenue along the route each year.