jasperlawler
Long

Brent crude oil breakout could target 88.50

TVC:UKOIL   CFDs on Brent Crude Oil
The breakout above 80 has been confirmed on a daily basis, but not weekly.

Scenario A) Brent pulls back to 80.50-81 for possible buy setup - short term resistance at 82- then LT target is 88.50
Scenario B) Pullback extends further lower, risking potential false breakout on weekly basis
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