Brent 4 Hour Price Update
Updated July 28, 2021 01:52 AM GMT (09:52 PM EST)
The choppiness in the recent four-hour candle price action of Brent continues; to start the current 4 hour candle, it came in at a price of 50.01 US dollars, down 0.2% ($0.1) since 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 is down 0.03% ($0.02) since the day prior, marking a reversal from the day prior — and the end of a 5 day positive run. Relative to other instruments in the energy commodity asset class, Brent ranked 3rd since the day prior in terms of percentage price change. Below is a daily price chart of Brent.
Brent Technical Analysis
Notably, Brent is now close to its 20 and 50 day averages, located at 74.1 and 72.65 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Brent’s price has gone up 6 of the previous 10 trading days.