Brent 4 Hour Price Update
Updated May 04, 2021 01:53 AM GMT (09:53 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. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the previous 4 hours in terms of percentage price change.
Brent Daily Price Recap
67.56 was the closing price of the day for Brent, resulting in today being one in which price moved up 1.2% ($0.8) from yesterday. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 5th for the day in terms of price change relative to yesterday. Here is a daily price chart of Brent.
Brent Technical Analysis
Volatility for Brent has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Brent’s price has gone up 6 them.