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Rising Wedge breakout on Brent Crude

Brent Crude has broken through a support line of a Rising Wedge and suggests a possible movement to 82.2933 within the next 7 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.

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