BRENT UKOIL at bounced at EMA 50

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Hi Folks:

Here's my view on the BRENT OIL. On the daily we have bounced on the EMA 50 level and target was almost achieved.

Currently we are trading between two possible channels, one ascending (green) and the other descending (red). None have been broken yet.

UKOIL

Cheers

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Amazing hit on the support trendline
Trend Analysis

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