Brent (CO1) Down $0.1 On 4 Hour Chart; Moves Up For the 2nd Day In A Row

Brent 4 Hour Price Update

Updated January 07, 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 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

Brent came into today up 1.31% ($0.7) from the open of the previous day, marking the 2nd day in a row it has gone up. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 3rd for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Brent.

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Brent Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Brent’s price has gone up 7 them.