Brent 4 Hour Price Update
Updated November 11, 2020 01:50 AM GMT (09:50 PM EST)
Brent came into the current 4 hour candle up 3.61% ($1.53) from the open of the previous 4 hours, marking the 2nd consecutive candle an increase has occurred. Brent outperformed all 6 assets in the energy commodity asset class since the previous 4 hours. Congrats to its holders!
Brent Daily Price Recap
Brent closed yesterday up 3.61% ($1.53); this denotes the 2nd consecutive day an upward move has occurred. On a relative basis, today was pretty good: Brent bested all 6 of the assets in the energy commodity class 🙂 The daily price chart of Brent below illustrates.
Brent Technical Analysis
Moving average crossovers are always interesting, so let’s start there: Brent crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For another vantage point, consider that Brent’s price has gone down 17 of the previous 30 trading 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