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Brent crude trading idea, analysis, and chart

10.11.2022

Market Review

The trend is upward. On the H4 timeframe a "key reversal" pattern was formed with a false breakdown of the support level. Moving indicator Stochastic Oscillator entered the oversold zone.

Trading idea:

Buy on a breakout of 93.71.

Stop Loss: 93.15.

Target levels: 94.70; 97.88.

Author: GC
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