Brent (CO1) Down $0.1 On 4 Hour Chart, Entered Today Down 0.22%; Pin Bar Pattern Appearing on Chart

Brent 4 Hour Price Update

Updated June 10, 2021 01:53 AM GMT (09:53 PM EST)

Brent entered the current 4 hour candle at $50.01, down 0.2% ($0.1) from the last 4 hour candle. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Brent Daily Price Recap

The choppiness in the recent daily price action of Brent continues; to start today, it came in at a price of 72.06 US dollars, down 0.22% ($0.16) since the previous day. Relative to other instruments in the energy commodity asset class, Brent ranked 4th since the previous day in terms of percentage price change. Below is a daily price chart of Brent.

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. For another vantage point, consider that Brent’s price has gone up 10 of the previous 14 trading days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.