Brent Crude Oil recently reversed up from the support area located between the key support level 56,00 (which stopped the previous impulse wave 1 in August) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer Doj – standing outside of the lower daily Bollinger Band.
Brent Crude Oil is expected to rise further and retest the next resistance level 60.00 (former support from September).
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