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Range on Oil - Hard Times ***Updated***

TVC:UKOIL   Brent Crude Oil
As we can see Brent Crude Oil             price is approaching the same resistance level as before, this will be the 4th touch performed by the price, within last and this week. If it breaks through the resistance level (indicated by the purple range) the price will remain in the upward trend and further long positions will favorable. However if it won't be able to break the resistance level short positions would be favorable.
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