Brent (CO1) Down $0.1 On 4 Hour Chart, 2 Day Down Streak Ended; Crosses 50 Day Moving Average

Brent 4 Hour Price Update

Updated April 05, 2021 01:54 AM GMT (09:54 PM EST)

50.01 was the closing price of the four-hour candle for Brent, resulting in the current 4 hour candle being one in which price moved down 0.2% ($0.1) from 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 back and forth price flow continues for Brent, which started today off at 64.86 US dollars, up 3.38% ($2.12) from the previous day. Relative to other instruments in the energy commodity asset class, Brent ranked 3rd since the previous day in terms of percentage price change. Here is a 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 additional context, note that price has gone down 16 out of the past 30 days.