Brent Oil, Daily Outlook!

FX:UKOIL   Crude Oil (Brent)
1010 0 10
On the daily chart Crude Oil             has been traded for the last 7 weeks on higher levels.
These increasing prices are still amid a bigger falling trend channel (red channel) and with this from technical perspective only seen as a smaller trend evolution (green channels).
Although further falling prices may be seen, on mid-term perspective a decelerating falling momentum can be observed (Black descending trend line = Bullish Wedge )

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