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Brent Oil False Breakout?

Price has plunged on Friday and has invalidated the breakout above the first warning line (wl1) of the major descending pitchfork. We’ll see what will happen because right now is retesting the 61.8% retracement level. I’ve said in the previous days that only a valid breakout above the warning line (wl1) will confirm a further increase towards the $57 per barrel.

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