Brent 4 Hour Price Update
Updated May 25, 2021 01:53 AM GMT (09:53 PM EST)
Brent entered the current 4 hour candle at $50.01, down 0.2% ($0.1) from 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 the day prior up 3.04% ($2.02); this denotes the 2nd day in a row an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 2nd for the day in terms of price change relative to the day prior. The daily price chart of Brent below illustrates.
Brent Technical Analysis
First things first: Brent crossed above its 20 day moving average yesterday. 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 20 of the previous 30 trading days.