Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Tops All energy commodity; in an Uptrend Over Past 90 Days

Crude Oil 4 Hour Price Update

Updated April 26, 2021 01:52 AM GMT (09:52 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

Crude Oil came into today up 1.16% ($0.71) from the open of the previous day, marking the 2nd consecutive day an upward move has occurred. On a relative basis, today was pretty good: Crude Oil bested all 6 of the assets in the energy commodity class 🙂 Here is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

First things first: Crude Oil crossed above its 50 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.

Overheard on Twitter

Behold! Here are the top tweets related to Crude Oil:

  • From ca_act:

    @_JCSO @Smtank2 @ruchirsharma_1 @porbotialora @CChristineFair What billions? US is the biggest debtor in the world. The moment world ditches US dollar for international trade US will be on its knees. All India needs to do is start buying crude oil in exchange of anything but US dollar!

  • From east_facts:

    FACT: Three major French banks have committed not to provide project financing for the construction of the $3.5 billion East African Crude Oil Pipeline, over Total’s climate strategy.Early this month, Uganda, Tanzania and Total signed a tripartite pact to kick off the project.

  • From ThomasJsmison:

    @BetteMidler It is possible to make biodegradable plastics from plants, and either biodegradable of even mulch capable plastic alternative packaging instead of using plastics derived from crude oil. It cost a few pennies more, so it’s not popular because everything is about profit.