Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Outperforms All energy commodity; Moves Up For the 2nd Straight Day

Crude Oil 4 Hour Price Update

Updated May 25, 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 closed yesterday up 3.88% ($2.47); this denotes the 2nd straight day it has gone up. Crude Oil outperformed all 6 assets in the energy commodity asset class since yesterday. The daily price chart of Crude Oil below illustrates.

CL1

Crude Oil Technical Analysis

Notably, Crude Oil crossed above its 20 day moving average yesterday. 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 8 of the previous 14 trading days.