Brent (CO1) Down $0.1 in Last 4 Hours, Makes Big Move Relative to Past Month; Breaks Below 50 and 100 Day Averages

Brent 4 Hour Price Update

Updated July 20, 2021 01:59 AM GMT (09:59 PM EST)

Brent entered the current 4 hour candle at $50.01, down 0.2% ($0.1) from 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

Brent entered today at $68.62, down 6.75% ($4.97) from the day prior. Relative to other instruments in the energy commodity asset class, Brent ranked 5th 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, Brent crossed below its 50 and 100 day moving averages yesterday. 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 down 6 them.