Brent (CO1) 2 Day Down Streak Ended, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart

Brent Daily Price Recap

The back and forth price flow continues for Brent, which started today off at 20.37 US dollars, up 5.38% ($1.04) from the day prior. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 4th for the day in terms of price change relative to the day prior. Let’s take a look at the daily price chart of Brent.

Brent Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For another vantage point, consider that Brent’s price has gone up 7 of the previous 14 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!