Brent (CO1) Down $0.1 On 4 Hour Chart, 2 Day Down Streak Ended; in an Uptrend Over Past 90 Days

Brent 4 Hour Price Update

Updated July 19, 2021 01:54 AM GMT (09:54 PM EST)

The back and forth price flow continues for Brent, which started the current 4 hour candle off at 50.01 US dollars, 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 $73.59, up 0.16% ($0.12) from yesterday. 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 yesterday. The daily price chart of Brent below illustrates.

CO1

Brent Technical Analysis

The first thing we should note is that Brent is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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. Or to view things another way, note that out of the past 10 days Brent’s price has gone up 5 them.