Brent (CO1) Down $0.1 in Last 4 Hours, 4 Day Up Streak Broken; in an Uptrend Over Past 90 Days

Brent 4 Hour Price Update

Updated January 12, 2021 01:53 AM GMT (09:53 PM EST)

The choppiness in the recent four-hour candle price action of Brent continues; to start the current 4 hour candle, it came in at a price of 50.01 US dollars, down 0.2% ($0.1) since the last 4 hour candle. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the last 4 hour candle in terms of percentage price change.

Brent Daily Price Recap

Brent’s 4 day positive streak has officially concluded, as the candle from yesterday closed down 0.59% ($0.33). Relative to other instruments in the energy commodity asset class, Brent ranked 5th since yesterday in terms of percentage price change. The daily price chart of Brent below illustrates.

CO1

Brent Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Brent’s price has gone up 9 them.