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Brent Crude Oil Outlook November 3 2021

Brent November 3 2021

Our Brent Crude Oil short is still in play. Brent Oil attempted a rally yesterday but failed to touch the “Thick white line” we highlighted.

Stops should still be kept at the entry point for anyone who went short on this trade but if crude oil can make a new “recent low” today the chances of downwards momentum towards our long entry zone increases.

Brent November 3 2021
Brent Oil Chart November 3 2021
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