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Important resistance line being approached by Brent Crude. This price has been tested numerous time in the last 5 days

Brent Crude is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great trade-setup for both trend and swing traders. It is now approaching a support line that has been tested in the past. Divergence opportunists may be very optimistic about a possible breakout and this may be the start of a new trend. It may also be that this convergence factor may result in the ideal setup for swing traders that are on the lookout for a possible bounce-back. Whatever happens, an initial move towards 76.5687 is expected in the short term.

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We expect USDCAD to trend downwards right now.

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Nikkei 225 has broken through a support line. It has touched this line numerous times in the last 2 days.

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