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Brent Oil Ignores The Crude Levels

The Brent rallies and seems determined to reach the $57 per barrel in the upcoming days. Is strongly bullish on the short term and resumes the upside movement as predicted. Price increased even if the United States Crude Oil Inventories were reported at 4.6M in the previous week, much higher versus the 2.8M estimate. The next target will be at the median line (ML) of the major ascending pitchfork, it could be attracted by the confluence area formed between the ML with the 250% Fibonacci line.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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