Crude Oil (CL1) Up $0.83 in Last 4 Hours, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Relative to other instruments in the energy commodity asset class, crude oil ranked 4th since yesterday in terms of percentage price change.
Crude Oil
(Last Updated July 2, 2020)
Welcome to the news page for Crude Oil (CL1). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 30 and 14 day timeframes, we see an uptrend in place for CL1.
CL1 Moving Averages
Nuances in the trend on CL1 can be understood by observing the behavior of its moving averages. The 20 and 50 day averages suggest a bullish trend, as they are pointing upwards, while the 100 and 200 day averages are pointing downward, suggesting a bearish trend on those timeframes. This implies that the long-term trend — meaning going back over 3 months — is bearish, while the trend over the past month and a half is bullish.
The chart below illustrates.
Crude Oil (CL1) Up $1.21 On 4 Hour Chart, Entered Today Down 1.08%; Price Base in Formation Over Past 90 Days
We made sure the burden should be borne by the govt to cushion the people.
Crude Oil (CL1) Down $0.43 in Last 4 Hours, Started Today Down 1.08%; Price Base in Formation Over Past 90 Days
Without the crude oil from the niger delta nigeria would have been a very poor country like chad.
Crude Oil (CL1) Up $1.21 Over Past 4 Hours, Entered Today Up 3.14%; Price Base in Formation Over Past 90 Days
Out of the 6 instruments in the energy commodity asset class, crude oil ended up ranking 4th for the day in terms of price change relative to the day prior.
Crude Oil (CL1) Down $0.23 On 4 Hour Chart, Started Today Down 0.59%; Price Base in Formation Over Past 90 Days
Relative to other instruments in the energy commodity asset class, crude oil ranked 3rd since the previous day in terms of percentage price change.
Crude Oil (CL1) Up $0.71 in Last 4 Hours, 2 Day Down Streak Broken; in an Uptrend Over Past 30 Days
Nd modi is purchasing crude oil at 18.30 rs per litre and selling petrol at 79 and diesel at 80.
Crude Oil (CL1) Down $2.36 Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Strong demand from independent refineries are likely to slow on a combination of storage facilities filling up with cheap crude oil, the recent rally in brent crude oil back above $40/b and not least the prospect for fuel demand, following the latest outbreak in beijing, being exposed to a second wave of lockdowns….
Crude Oil (CL1) Down $0.09 On 4 Hour Chart, 3 Day Up Streak Snapped; in an Uptrend Over Past 30 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Crude Oil (CL1) Up $0.71 in Last 4 Hours; Entered Today Up 1.79%
We travelled a lot, now petrol tax is a big revenue generator for modi regime.