Brent (CO1) Down $0.1 Over Past 4 Hours, Entered Today Up 1.93%; Breaks Above 20 Day Average

Brent 4 Hour Price Update

Updated July 12, 2021 01:52 AM GMT (09:52 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 previous 4 hours. 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 previous 4 hours.

Brent Daily Price Recap

Brent came into today up 1.93% ($1.43) from the open of yesterday, marking the 2nd straight day an upward move has occurred. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 2nd for the day in terms of price change relative to yesterday. The daily price chart of Brent below illustrates.

CO1

Brent Technical Analysis

Notably, Brent crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 21 out of the past 30 days.