Brent 4 Hour Price Update
Updated July 16, 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 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 came into today down 1.73% ($1.29) from the open of the day prior, marking the 2nd consecutive day it has gone down. 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 day prior. The daily price chart of Brent below illustrates.
Brent Technical Analysis
Coming into today Brent is now close to its 20 and 50 day averages, located at 75.02 and 72.01 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. Or to view things another way, note that out of the past 10 days Brent’s price has gone up 5 them.