Brent 4 Hour Price Update
Updated June 03, 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 last 4 hour candle. 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 last 4 hour candle.
Brent Daily Price Recap
Brent closed yesterday up 1.57% ($1.1); this denotes the 3rd consecutive day an upward move has occurred. Relative to other instruments in the energy commodity asset class, Brent ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Brent.
Brent Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Brent’s price has gone up 10 them.