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Brent Crude analysis, chart, and trading idea

16.11.2022

Market Review

#BRN

The trend is ascending. The descendant wave pattern is truncated. The moving averages of the Stochastic Oscillator are our of the oversold conditions. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy when 96.43 is breached.

Stop loss: 92.25.

Target levels: 100.00; 102.50.

Author: GC
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