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Brent Crude breakout through support

Brent Crude has broken through a line of 77.4960 and suggests a possible movement to 74.7992 within the next 5 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 26 days.