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Support line breached by Brent Crude

Brent Crude has broken through a support line of a Rising Wedge and suggests a possible movement to 78.1867 within the next 12 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 7 days.