Brent Bullish Outlook

Waiting for price to bounce off of current trend line and rally up to 618 fibonacci level. Risk set just below recent support levels, with great R/R ratio. If 618 level is broken [possible re-rally at 618 level due to a few support levels just below $54 mark.] we could see a rally up to previous resistance levels at 54.60.

Great potential BUY opportunity if we see a strong bounce off of current trend.
brentbrentoilhourlyLONG

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