Brent (CO1) Down $0.1 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Started Today Up 4.91%
Whether volatility reverts will be something to watch.
(Last Updated January 18, 2021)
Hello! This is the news page for Brent. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
On CO1, there is currently an uptrend on the 90, 30 and 14 day timeframes.
Across several time periods between 20 and 200 days, the trend on CO1 has remained consistently bullish.
The chart below illustrates.
Currently, CO1’s price is down $-0.89 (-1.59%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as CO1 has now gone up 8 of the past 10 weeks. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows CO1’s price action over the past year.
Whether volatility reverts will be something to watch.
Whether volatility reverts will be something to watch.
Or to view things another way, note that out of the past 14 days brent’s price has gone up 10 them.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
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 day prior.
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 the day prior.
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 the day prior.
Relative to other instruments in the energy commodity asset class, brent ranked 4th since yesterday in terms of percentage price change.
Those trading within the energy commodity asset class should know that brent was the worst performer in the class today.
Whether volatility reverts will be something to watch.