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BCOUSD reversed off resistance, potential further drop!

Short
Brent Crude Oil (OANDA:BCOUSD)  
Tickmill Broker  
OANDA:BCOUSD   Brent Crude Oil
Trend Analysis Harmonic Patterns Chart Patterns BCOUSD BCO USD bcousdshort Forex forexsignals Bitcoin (Cryptocurrency) BTCUSD
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trendanalysis harmonicpatterns chartpattern bcousd bco usd bcousdshort forex forexsignals bitcoin btcusd
BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38 (61.8% Fibonacci retracement, horizontal pullback support).
RSI (55) has made a bearish exit from its ascending support turned resistance line which contributes to our bearish bias.

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