Brent 4 Hour Price Update
Updated May 03, 2021 01:54 AM GMT (09:54 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 is down 1.9% ($1.29) since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. 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. Here is a daily price chart of Brent.
Brent Technical Analysis
Notably, Brent is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. 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 6 them.