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Brent Crude Oil starting to break major support,watch for drop!

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Brent Crude Oil (OANDA:BCOUSD)  
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OANDA:BCOUSD   Brent Crude Oil
Trend Analysis Harmonic Patterns Chart Patterns BCOUSD brent brentoil brentcrude brentcrudeoilshort brentcrudeoillong brentcrudeoil brentlong brentshort
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trendanalysis harmonicpatterns chartpattern bcousd brent brentoil brentcrude brentcrudeoilshort brentcrudeoillong brentcrudeoil brentlong brentshort
Brent crude oil is testing major support at 68.50 (Fibonacci retracement, horizontal overlap support) and a break of this level could potentially drive price all the way down to 65.96 (Fibonacci retracement, horizontal overlap support). It is important to keep an eye out on our long term ascending support line too which could serve as potential intermediate support.

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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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