Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Makes Big Move Relative to Past Month; Started Today Down 7.51%

Crude Oil 4 Hour Price Update

Updated July 20, 2021 01:59 AM GMT (09:59 PM EST)

Crude Oil entered the current 4 hour candle at $46.6, down 0.32% ($0.15) from the previous 4 hours. 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

66.42 was the closing price of the day for Crude Oil, resulting in today being one in which price moved down 7.51% ($5.39) from the previous day. On a relative basis, Crude Oil was the worst performer out of all 6 of the assets in the energy commodity asset class today. Here is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

First things first: Crude Oil crossed below its 50 day moving average yesterday. 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. For another vantage point, consider that Crude Oil’s price has gone down 6 of the previous 10 trading days.

Overheard on Twitter

Over on Twitter, here were the top tweets about Crude Oil:

  • From DanielRegha:

    @Naija_PR The guy Erica tagged a keke driver is Stan Nze who’s a film actor so her statement of Mr Stan paying her N20k a day is just for cruise; The laughing emoji kinda proves it. Besides everyone knows no keke driver balances that amt a day, they transport humans not crude oil mbok.

  • From DavidHundeyin:

    “It will save Nigeria precious forex. How can we be importing petrol when we export crude oil?”πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚πŸ˜‚Na so dem dey take patriotism and emotional talk back.boozle una parents, still use the same format bamboozle una. Una pikin still dey warm up to chop the same lambaπŸ˜„

  • From cchukudebelu:

    The British Government had limited interest in post-Civil War recovery in South East Nigeria, their interest was driven by Shell’s access Nigeria’s crude oil.Their current interest in “humanitarian aid” in North East Nigeria is largely driven by their strategic interests.