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Crude Oil

(Last Updated March 4, 2021)

Welcome to the news page for Crude Oil (CL1). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

The Trend

On CL1, there is currently an uptrend on the 90 and 30 day timeframes.

CL1 Moving Averages

CL1’s moving averages suggest the trend on a number of time horizons is bullish.

The chart below illustrates.

The View From the Weekly Timeframe

At the moment, CL1’s price is down $-0.22 (-0.36%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on CL1. Given that we see an uptrend on the 20 and 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows CL1’s price action over the past year.

Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Moves Up For the 2nd Straight Day

Categories Energy Commodities Tags Crude Oil
March 5, 2021

Since the beginning of that year, plains all american has filed over 120 incident reports around the country, pipeline and hazardous material safety administration data show….

Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Tops All energy commodity; 3 Day Down Streak Broken

Categories Energy Commodities Tags Crude Oil
March 4, 2021

Crude oil outperformed all 6 assets in the energy commodity asset class since the day prior.

Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Entered Today Down 1.47%; in an Uptrend Over Past 90 Days

Categories Energy Commodities Tags Crude Oil
March 3, 2021

The cargo amount is 2 million barrels, valued at somewhere between $120m-$130m.

Crude Oil (CL1) Down $0.15 in Last 4 Hours, Underperforms All energy commodity; Entered Today Down 1.4%

Categories Energy Commodities Tags Crude Oil
March 2, 2021

On a relative basis, crude oil was the worst performer out of all 6 of the assets in the energy commodity asset class today.

Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Underperforms All energy commodity; But Still in an Uptrend Over Past 90 Days

Categories Energy Commodities Tags Crude Oil
March 1, 2021

They would never share their natural resources with other states especially not a muslim states.

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

Categories Energy Commodities Tags Crude Oil
February 26, 2021

Rejoice!

Crude Oil (CL1) Down $0.15 On 4 Hour Chart, Started Today Down 0.05%; in an Uptrend Over Past 14 Days

Categories Energy Commodities Tags Crude Oil
February 24, 2021

Fg must be forced to negotiate.

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

Categories Energy Commodities Tags Crude Oil
February 23, 2021

Crude oil outperformed all 6 assets in the energy commodity asset class since the previous day.

Crude Oil (CL1) Down $0.15 Over Past 4 Hours, 3 Day Up Streak Snapped; in an Uptrend Over Past 14 Days

Categories Energy Commodities Tags Crude Oil
February 19, 2021

Relative to other instruments in the energy commodity asset class, crude oil ranked 5th since the day prior in terms of percentage price change.

Crude Oil (CL1) Down $0.15 Over Past 4 Hours, Started Today Up 1.82%; in an Uptrend Over Past 14 Days

Categories Energy Commodities Tags Crude Oil
February 18, 2021

These changes were brought about by a historic decline in the demand for — and cost of — crude oil.

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