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Brent UKOIL could drive up the price of all energy sources
Brent UKOIL could drive up the price of all energy sources
Brent crude oil could dramatically raise the price of all other energy sources. The oil price is in an upward trend, which is beyond doubt. At the moment, the price is near the strong resistance level of 71.30 and in case of its breakdown, it may rush to the level of 73.00, and then to the level of 75.00, if the market is not influenced by any news. If we consider the chart from the point of view of technical analysis, then the price is in a growing triangle, and this is a trend continuation pattern.
Symbol: UKOIL
Order Type: Pending Order - Buy Stop
Entry Price: 71.40
Take Profit: 73.00
Pips Earning: 160
The profit can be $160.00 if the trading volume of 100 FUT.
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