Brent 4 Hour Price Update
Updated June 01, 2021 01:53 AM GMT (09:53 PM EST)
The choppiness in the recent four-hour candle price action of Brent continues; to start the current 4 hour candle, it came in at a price of 50.01 US dollars, down 0.2% ($0.1) since 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
69.32 was the closing price of the day for Brent, resulting in today being one in which price moved up 0.87% ($0.6) from the day prior. Relative to other instruments in the energy commodity asset class, Brent ranked 3rd since the day prior in terms of percentage price change. The daily price chart of Brent below illustrates.
Brent Technical Analysis
Coming into today Brent is now close to its 20 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. For another vantage point, consider that Brent’s price has gone up 9 of the previous 14 trading days.