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Brent Found a Bearish Channel?

FX:UKOIL   CFDs on Crude Oil (Brent)
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  bearish channel for Brent. If it holds, then trading down south should not be as difficult a task as these channel levels will provide us with levels of support and resistance on which we should close or open positions. Note that this is a 240 channel exposed on the 60 time frame. This means if the channel holds, it could do so for a while before they violet it.
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