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Brent Oil: Descending Channel

UKOIL, 1 hour    LONG Oct 6
A descending channel has been distinguished and the price requires a further active move as an indication of a breakout. A descending channel tends to be a price action formation with a downward bias that typically spots that prices move counter to the prevailing price trend if price breaks through the resistance. UKOIL to continue the appreciation trend to the 85 mark as downside pressure seen easing.
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