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Brent Crude Oil forecast update October 18 2021

Crude October 18 2021

Brent Oil has just clipped the bottom end of our short entry zone today – twice – the second attempt coming in slightly lower than the first.

The timing is perfect but we would have liked a couple of bucks more to get a bit closer to our dotted red line.

Our long entry zone, out in November is currently below $70 so current level may be an interest risk/ reward ratio for some.

We’ll be keeping a careful eye over the next few days to see if a short term top is in place or whether there is a little further to go before a healthy correction.

Crude October 18 2021
Brent Crude Oil Forecast October 18 2021
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