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

Brent 4 Hour Price Update

Updated July 13, 2021 01:53 AM GMT (09:53 PM EST)

Brent entered the current 4 hour candle at $50.01, down 0.2% ($0.1) from the last 4 hour candle. 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 last 4 hour candle.

Brent Daily Price Recap

75.16 was the closing price of the day for Brent, resulting in today being one in which price moved down 0.52% ($0.39) from yesterday. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since yesterday in terms of percentage price change. Let’s take a look at the daily price chart of Brent.

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Brent Technical Analysis

The first thing we should note is that Brent is now close to its 20 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. For additional context, note that price has gone up 20 out of the past 30 days.