An emerging Falling Wedge has been detected on Brent Crude on the 1 hour chart. There is a possible move towards 71.5265 next few candles. Once reaching resistance it may continue its bearish run or reverse back to current price levels.
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Supports and resistances are primary concepts of technical analysis. Brent Crude is heading for an important price of 66.8725 – read about what this could mean for the future.
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