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Brent Trading Analysis (26/02/2024)

26.02.2024

Market Review

The trend is ascending. The downward wave structure is in the range between 365 and 135 ЕМА. The Stochastic Oscillator signals the oversold state.

Brent Crude Oil chart

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward structure.

Stop-Loss at 81.20.

Target price levels at 82.50 and 83.70.

#brent #crude #crudeoil #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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