Brent 4 Hour Price Update
Updated July 07, 2021 01:53 AM GMT (09:53 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 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
Brent is down 3.41% ($2.63) since yesterday, marking a reversal from the day prior — and the end of a 4 day positive run. 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.
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. Volatility for Brent has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.