Brent 4 Hour Price Update
Updated September 03, 2020 11:08 AM GMT (07:08 AM EST)
44.43 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 2.52% ($1.15) from the last 4 hour candle. Relative to other instruments in the energy commodity asset class, Brent ranked 2nd since the last 4 hour candle in terms of percentage price change.
Brent Daily Price Recap
Brent entered today at $44.43, down 2.52% ($1.15) 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. Let’s take a look at the daily price chart of Brent.
Brent Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Brent crossed below its 20 day moving average yesterday. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Brent’s price has gone down 8 of the previous 14 trading days.
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