Brent (CO1) Down $0.1 in Last 4 Hours, 2 Day Down Streak Snapped; in an Uptrend Over Past 90 Days

Brent 4 Hour Price Update

Updated April 23, 2021 01:54 AM GMT (09:54 PM EST)

50.01 was the closing price of the four-hour candle for Brent, resulting in the current 4 hour candle being one in which price moved down 0.2% ($0.1) from the previous 4 hours. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

Brent Daily Price Recap

Brent entered today at $65.4, up 0.12% ($0.08) from the day prior. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Brent.

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Brent Technical Analysis

Notably, the current price of Brent is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to view things another way, note that out of the past 30 days Brent’s price has gone up 16 them.