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Trading Idea - Brent Crude, 01-03-2024
Trading Signal: #C-BRENT
| Order | Buy |
| Direction | Bullish |
| Pattern | Flag pattern breakout |
| Interval | 1 hour |
| Length (Candles) | 4 |
Idea Summary
The medium term BRENT price forecast is bullish. The BRENT price has broken out of a flag chart pattern above the 200-period moving average MA(200). Most likely the price will continue rising while there is a likelihood it may reverse and return back into the channel of the flag pattern.
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