Brent (CO1) Down $0.1 in Last 4 Hours, Started Today Up 3.38%; Crosses 50 Day Moving Average

Brent 4 Hour Price Update

Updated April 02, 2021 01:54 AM GMT (09:54 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 64.86 US dollars, up 3.38% ($2.12) since the day prior. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 3rd for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Brent.

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Brent Technical Analysis

First things first: Brent crossed above its 50 day moving average yesterday. 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 down 16 of the previous 30 trading days.