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winfredwu
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Oil moves in an ascending channel?
UKOIL
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UKOIL: Oil moves in an ascending channel?

Brent oil needs to conquer the resistance of 200EMA at 89.60 before we can talk about 90ish price. A bit hefty upside due to some bearish divergence seen across indicators. More likely to stay neutral in the range 81.51-89.60. Yeah it is a big volatile range.

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