Crude Oil 4 Hour Price Update
Updated May 25, 2020 11:07 PM GMT (07:07 PM EST)
The end of a 6 four-hour candle positive run has come for Crude Oil, which finished the last 4 hour candle down 1.98% ($0.67). Out of the 6 instruments in the energy commodity asset class, Crude Oil ended up ranking 5th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Crude Oil Daily Price Recap
The end of a 6 day positive run has come for Crude Oil, which finished yesterday down 1.98% ($0.67). Relative to other instruments in the energy commodity asset class, Crude Oil ranked 5th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Crude Oil.
Crude Oil Technical Analysis
Volatility for Crude Oil has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 16 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard on Twitter
Over on Twitter, here were the top tweets about Crude Oil:
- From dwc8647:
@TCC_Grouchy @rossmoore73 @OrdyPackard @CorporalSavage @truckerE @TheLibertyGhost @PolitiBunny @NucMM1retired @aggierican @AlaskanCourtney @Dawnsfire @AnnaDsays @MCampbell1041 @StonerBrewingCo @fyvie2 @verbastardy @Ty_in_TX @DeebsFLA @TMIWITW @JoanneMason11 @Flipper628 @CrowTTwitbot @bigdaddyofnine Crude oil needs to go up another 10-15% for all the frackers to stay in business. Gasoline will probably go up about the same. The good news from that will be the economy starting to go again.
- From uwakings1:
@UchePOkoye in Lagos enacting decree number 51 of 1969 that gave the FG control over all Natuaral resources in Nig, including crude oil. That is what the Ijaw man fought for. Like I said earlier, what u are raising will only hurt Igbos more, we don’t need that now. Oil has past its peak
- From yarbatman:
@brianoftoole No doubt about that! Iran would much rather be selling crude oil to Italy and South Korea than send fuel to Maduro.The Trump admin failed to realize that if you try to isolate Iran, Venezuela, China, and Russia all at the same time, they might find ways to help one another…