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Brent Oil: Ascending Channel

UKOIL, 1 hour    SHORT Oct 30
An ascending channel has been diagnosed, the price demands a strong move as a verification of a breakout. An ascending channel can be thought of as a specific price action indicator that can be used to identify a bearish move in case if price breakdown occurs. UKOIL does not rule out a move towards the 88 zone as gains remain capped.
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