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Technical Trade Idea: Buy/Long Brent Crude Oil – UnumCapital
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Technical Trade Idea: Buy/Long Brent Crude Oil

Technical Trade Idea: Buy/Long Brent Crude Oil

Brent Crude Oil appears ready to rebound as it re-tests it’s breakout level which is in line with the 61.8% Fibonacci retracement zone.

At $28.54, traders could look to take a buy/long position with a target of $33.40 and a stop-loss of $26.70

Time Frame: Short Term

https://www.tradingview.com/x/xiqvCHUH/
Lester Davids

Lester joined Unum Capital in July 2016 and is a Trading Desk Analyst focusing on local (JSE) and global multi-asset class technical strategy and research which includes idea generation.

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