Brent 4 Hour Price Update
Updated September 15, 2020 12:50 AM GMT (08:50 PM EST)
Brent is down 0.57% ($0.23) since the last 4 hour candle, marking the 2nd consecutive candle a decline has happened. Relative to other instruments in the energy commodity asset class, Brent ranked 5th since the last 4 hour candle in terms of percentage price change.
Brent Daily Price Recap
Brent is down 0.55% ($0.22) since the day prior, marking the 3rd day in a row it has gone down. Relative to other instruments in the energy commodity asset class, Brent ranked 5th 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 100 day averages, located at 40.08 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Brent’s price has gone down 11 them.
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