Brent (CO1) Down $0.1 Over Past 4 Hours, Came Into Today Up For the 4th Straight Day; in an Uptrend Over Past 90 Days

Brent 4 Hour Price Update

Updated February 18, 2021 01:53 AM GMT (09:53 PM EST)

The back and forth price flow continues for Brent, which started the current 4 hour candle off at 50.01 US dollars, 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 the previous day up 1.56% ($0.99); this denotes the 4th straight day an increase has occurred. Out of the 6 instruments in the energy commodity asset class, Brent ended up ranking 4th 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

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 21 of the previous 30 trading days.