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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Feb 22
There is a descending channel coming out and UKOIL demands a further bigger impulse up as a signal of a breakout. A descending channel tends to be a reliable price signal that can be used to spot that the price to go up in case if price breaks through the resistance. A bullish run to 83.5 is a possibility.
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