Brent (CO1) Down $0.1 On 4 Hour Chart, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 90 Days

Brent 4 Hour Price Update

Updated June 02, 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

Brent closed the day prior up 1.34% ($0.93); this denotes the 2nd straight day it has gone up. 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

The first thing we should note is that Brent is now close to its 20 day averages, located at 68.35 respectively, and thus may be at a key juncture along those timeframes. 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 21 out of the past 30 days.