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Brent Trading Analysis (11/11/2024)

11.11.2024

Market Review

The trend is up. Oils is trading in a range between 365 and 135 ЕМАs.The Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
Stop-loss at 73.65.
Price targets at 75.20 and 76.30.

#brent #crude #crudeoil #tradersroom #daytradingpatterns

Author: GC

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