Brent 4 Hour Price Update
Updated April 28, 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
The choppiness in the recent daily price action of Brent continues; to start today, it came in at a price of 66.42 US dollars, up 1.17% ($0.77) since the day prior. Those trading within the energy commodity asset class should know that Brent was the worst performer in the class today. Let’s take a look at the daily price chart of Brent.
Brent Technical Analysis
Coming into today Brent is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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 14 days Brent’s price has gone up 9 them.