Brent (CO1) Down $0.1 On 4 Hour Chart, Entered Today Up 0.95%; Pin Bar Pattern Appearing on Chart

Brent 4 Hour Price Update

Updated April 07, 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

62.74 was the closing price of the day for Brent, resulting in today being one in which price moved up 0.95% ($0.59) from the previous day. Relative to other instruments in the energy commodity asset class, Brent ranked 3rd since the previous day in terms of percentage price change. The daily price chart of Brent below illustrates.

CO1

Brent Technical Analysis

Notably, Brent is now close to its 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For another vantage point, consider that Brent’s price has gone down 16 of the previous 30 trading days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!