Brent (CO1) Down $0.1 in Last 4 Hours; Entered Today Up For the 3rd Consecutive Day

Brent 4 Hour Price Update

Updated January 08, 2021 01:52 AM GMT (09:52 PM EST)

50.01 was the closing price of the four-hour candle for Brent, resulting in the current 4 hour candle being one in which price moved down 0.2% ($0.1) from the previous 4 hours. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the previous 4 hours in terms of percentage price change.

Brent Daily Price Recap

Brent is up 0.5% ($0.27) since the previous day, marking the 3rd consecutive day an increase has occurred. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of Brent.

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Brent Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 21 out of the past 30 days.