Brent 4 Hour Price Update
Updated November 16, 2020 01:50 AM GMT (09:50 PM EST)
Brent is down 1.72% ($0.75) since the previous 4 hours, marking the 2nd straight candle a decline has happened. Relative to other instruments in the energy commodity asset class, Brent ranked 3rd since the previous 4 hours in terms of percentage price change.
Brent Daily Price Recap
Brent is down 1.72% ($0.75) since the day prior, marking the 2nd day in a row a decline has happened. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 3rd for the day in terms of price change relative to the day prior. Here is a daily price chart of Brent.
Brent Technical Analysis
The first thing we should note is that the current price of Brent is sitting close to its 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 16 out of the past 30 days.
“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram