Brent 4 Hour Price Update
Updated May 27, 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. 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 came into today up 0.32% ($0.22) from the open of the day prior, marking the 4th day in a row it has gone up. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of Brent.
Brent Technical Analysis
Coming into today the current price of Brent is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For another vantage point, consider that Brent’s price has gone up 20 of the previous 30 trading days.