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Brent Crude Oil: Medium Term Traders Gain 27%. In Line With Price Action Model Reading

  • Writer: Lester Davids
    Lester Davids
  • Jun 13
  • 1 min read

Research Notes For 09 to 13 June > https://www.unum.capital/post/r0913june

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The move is in line with the LIVE READING (Tactical Trading Guide) at the time which looked for a buy on both the Short Term and Medium Term time frame.


As per our comment on 08 April, just after the U.S market close: "Note that although the weekly structure is bearish, the short term sees the commodity trading in an oversold range which means that a rebound at or around current levels is possible."


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Tuesday (08 April, 22h27, U.S. Trading Session): Note that although the weekly structure is bearish, the short term sees the commodity trading in an oversold range which means that a rebound at or around current levels is possible. The current price action model reading is shown below:


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Lester Davids

Senior Investment Analyst: Unum Capital

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