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John2506
Oct 11, 2021 12:15 PM

Brent Crude oil Bear Short

Description

Looking at the long term downward trend from June 2008,

We can see that there is Resistance at the 86 level.

If this resistance is not broken then we are looking at a retracement to 51 level (Fib)

Solely based on technical analysis and no fundamentals in consideration.

Comments
kimuyen_lam
It is in a falling wedge
With the demand now. Price will shoot
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