Brent (CO1) Down $0.1 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Started Today Up 4.91%

Brent 4 Hour Price Update

Updated January 06, 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

53.6 was the closing price of the day for Brent, resulting in today being one in which price moved up 4.91% ($2.51) from yesterday. Relative to other instruments in the energy commodity asset class, Brent ranked 2nd since yesterday in terms of percentage price change. The daily price chart of Brent below illustrates.

CO1

Brent Technical Analysis

Volatility for Brent has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days.