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Brent Crude Oil in Rising Channel Near Resistance Factors

posted by Avatar FXTimes 270 days ago in Technical, Daily, Oil

After confirming an inverted head and shoulder pattern in July, Brent Crude has been trading in a rising channel, seen in the daily chart. The rally has picked up bullish momentum in the daily chart, but in the short-term might be a bit oversold and exhausting as the daily RSI and price action shows a slight divergence at 70...
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