CFDs sur Pétrole brut (Brent)
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Brent crude oil is likely to undergo a correction (1D)

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Since we placed the red arrow on the chart, Brent crude oil has entered a corrective phase.

The correction appears to be forming a triangle, and Wave D now looks complete. Wave D was bullish.

Wave E now appears to be underway, and in this triangle, Wave E is expected to be bearish.

From the green zone, Brent crude oil could turn bullish again.

Let's see how it develops. For now, this is our preferred scenario.

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Transaction en cours
The price has dropped more than 19% from the highlighted supply zone.
snapshot
Trade fermée: cible de profit atteinte
After hitting the green zone, the price surged by more than 11%!
snapshot

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