Brent Crude Oil
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BCOUSD Potential For Bearish Drop

On H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop form the sell entry at 91.097, which is in line with the swing low, 61.8% fibonacci projection and retracement to the take profit at 88.131, where the swing low and 100% fibonacci projection are. Alternatively, the price may rise to the stop loss at 93.274, which is in line with the overlap resistance.

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Chart PatternsTechnical IndicatorsTrend Analysis

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