Brent (CO1) Down $0.1 On 4 Hour Chart; Moves Up For the 4th Consecutive Day

Brent 4 Hour Price Update

Updated January 11, 2021 12:48 PM GMT (08:48 AM 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

Brent closed yesterday up 2.96% ($1.61); this denotes the 4th consecutive day it has gone up. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 2nd for the day in terms of price change relative to yesterday. 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. For another vantage point, consider that Brent’s price has gone up 10 of the previous 14 trading days.