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.
Brent
(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:
The Trend
On CO1, there is currently an uptrend on the 90, 30 and 14 day timeframes.
CO1 Moving Averages
Across several time periods between 20 and 200 days, the trend on CO1 has remained consistently bullish.
The chart below illustrates.
The View From the Weekly Timeframe
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.
Brent (CO1) Down $0.1 On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days
Whether volatility reverts will be something to watch.
Brent (CO1) Down $0.1 in Last 4 Hours, Entered Today Up For the 2nd Consecutive Day; Pin Bar Pattern Appearing on Chart
Or to view things another way, note that out of the past 14 days brent’s price has gone up 10 them.
Brent (CO1) Down $0.1 Over Past 4 Hours, Entered Today Up 0.45%; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Brent (CO1) Down $0.1 On 4 Hour Chart, 2 Day Up Streak Snapped; in an Uptrend Over Past 30 Days
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.
Brent (CO1) Down $0.1 On 4 Hour Chart, Started Today Up 0.18%; in an Uptrend Over Past 30 Days
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.
Brent (CO1) Down $0.1 On 4 Hour Chart; Moves Up For the 2nd Straight Day
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.
Brent (CO1) Down $0.1 Over Past 4 Hours; Entered Today Up 2.24%
Relative to other instruments in the energy commodity asset class, brent ranked 4th since yesterday in terms of percentage price change.
Brent (CO1) Down $0.1 in Last 4 Hours, Underperforms All energy commodity; But Still in an Uptrend Over Past 30 Days
Those trading within the energy commodity asset class should know that brent was the worst performer in the class today.
Brent (CO1) Down $0.1 Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days
Whether volatility reverts will be something to watch.