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Brent Crude Oil approaching support, potential for a bounce!

Long
Brent Crude Oil (OANDA:BCOUSD)  
Tickmill Broker  
OANDA:BCOUSD   Brent Crude Oil
Trend Analysis Harmonic Patterns Chart Patterns BCOUSD brent brentoil brentcrude brentlong brentshort brentcrudeoil brentoilanalysis brentoilwticrudeoilcrude
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trendanalysis harmonicpatterns chartpattern bcousd brent brentoil brentcrude brentlong brentshort brentcrudeoil brentoilanalysis brentoilwticrudeoilcrude
BCOUSD is approaching strong support at 63.54 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could potentially occur at this level to push price up to major resistance at 66.35 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance).

Stochastic (34,5,3) is seeing major support above 2.1% where a corresponding bounce could occur.

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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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