Further Advance
Our Pivot: 85.50
Our Preference: Start buying Brent above 86.50 with strict stop loss of 85.50 and profit target at 87.85 with extension towards 88.70.
Alternate Scenario: Downward penetration of 85.50 will call for 84.45.
NOTE: Brent is moving inside a bullish price channel and being supported by a strong horizontal supportive region inside this channel.
Chart with supports & resistances:
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