Stop!Loss|Market View: BRENT
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In this post, we're going to talk about the near-term outlook for the BRENT ☝️
Potential trade setup:
🔔Entry level: 70.18
💰TP: 72.97
⛔️SL: 68.96
"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
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💬 Description: Technically, the situation is favorable for oil buyers. This is confirmed by the price movement within the ascending channel, as well as a likely retest of the 70-degree area, with a subsequent likely upward breakout. Furthermore, we shouldn't forget the geopolitical factor to which oil is very sensitive: the situation in the Middle East, which will likely push the price higher once again.
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