Crude Oil (CL1) Up $0.31 Over Past 4 Hours, Tops All energy commodity; Moves Up For the 2nd Day In A Row

Crude Oil 4 Hour Price Update

Updated July 28, 2020 03:06 AM GMT (11:06 PM EST)

Crude Oil is up 0.75% ($0.31) since the previous 4 hours, marking the 2nd candle in a row an increase has occurred. On a relative basis, the current 4 hour candle were pretty good: Crude Oil bested all 6 of the assets in the energy commodity class 🙂

Crude Oil Daily Price Recap

Crude Oil came into today up 0.75% ($0.31) from the open of the previous day, marking the 2nd day in a row it has gone up. Crude Oil outperformed all 6 assets in the energy commodity asset class since the previous day. Below is a daily price chart of Crude Oil.

CL1

Crude Oil Technical Analysis

The first thing we should note is that the current price of Crude Oil is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Crude Oil’s price has gone up 6 of the previous 10 trading days.

Overheard on Twitter

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

  • From UNCLE_AJALA:

    I can like you, cherish you, be ready to do anything for you, treat you like you’re important than crude oil to Nigeria, but if you’re suddenly moving mad and acting like without you sun won’t set, na to change am for you, and let you know you’re replaceable. No time for iranu.

  • From DoctorEmto:

    @olusegun_adegun @PenKnight2 @Sanematic You should be ashamed of yourself. What is Boko Haram fighting for? Have you really been to Niger Delta where the wealth of the nation is from? Do you know that most waters have been polluted? Your hate is obvious. You compare lives to pipelines or crude oil? Disgusting

  • From ValiantThor12:

    It’s been a few days and nobody has yet to show any natural process that creates Volcanoes and Lava? What Crude Oil REALLY is because the story of dead plants/animals? BULLSHIT!!!
    So, precious stones/elements AREN’T created as science has taught us! WTF ELSE?!!!!!!!!!!!!!