Brent (CO1) Down $0.36 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Came Into Today Down For the 2nd Day In A Row

Brent 4 Hour Price Update

Updated September 04, 2020 07:07 PM GMT (03:07 PM EST)

Brent is down 0.81% ($0.36) since the last 4 hour candle, marking the 2nd straight 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 0.99% ($0.44) since the previous day, marking the 2nd day in a row it has gone down. Relative to other instruments in the energy commodity asset class, Brent ranked 5th since the previous day in terms of percentage price change. Below is a daily price chart of Brent.

CO1

Brent Technical Analysis

Coming into today Brent is now close to its 20 and 50 day averages, located at 45.07 and 43.97 respectively, and thus may be at a key juncture along those timeframes. 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 down 6 them.


“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