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Brent Oil Price Outlook November 17 2021

Brent November 17 2021

We are following brent oil very carefully – it is our only open position. Brent is currently around $6 lower than our short entry and it has the potential to fall another $8. However we are concern that there is significant trend line support in the next few days at around $77.8 and $76.0 which could result in sideways to upwards consolidation which would scupper the move down.

If decent support is found we will exit this trade at a good profit.

Brent November 17 2021
Brent Oil update November 17 2021


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