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Brent Crude broke through important 79.6415 price line

Brent Crude has broken through a line of 79.6415 and suggests a possible movement to 82.7553 within the next 4 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 39 days.