Brent (CO1) Down $0.23 in Last 4 Hours, Moves Down For the 3rd Day In A Row; in a Downtrend Over Past 14 Days

Brent 4 Hour Price Update

Updated September 15, 2020 12:50 AM GMT (08:50 PM EST)

Brent is down 0.57% ($0.23) since the last 4 hour candle, marking the 2nd consecutive candle a decline has happened. Relative to other instruments in the energy commodity asset class, Brent ranked 5th since the last 4 hour candle in terms of percentage price change.

Brent Daily Price Recap

Brent is down 0.55% ($0.22) since the day prior, marking the 3rd day in a row it has gone down. Relative to other instruments in the energy commodity asset class, Brent ranked 5th since the day prior in terms of percentage price change. The daily price chart of Brent below illustrates.

CO1

Brent Technical Analysis

Coming into today Brent is now close to its 100 day averages, located at 40.08 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Brent’s price has gone down 11 them.


“Energy Ellen” is the collective pseudonym used by several writers who contribute to our energy commentary who are passionate about the intersection of energy, economics, and investing. Follow Energy Ellen on social media: Instagram