Brent 4 Hour Price Update
Updated February 18, 2021 01:53 AM GMT (09:53 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 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 previous day up 1.56% ($0.99); this denotes the 4th straight day an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 4th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Brent.
Brent Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Brent’s price has gone up 21 of the previous 30 trading days.