Crude breaks support

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Brent crude broke support at $104/barrel and is testing the lower trend channel and long-term rising trendline. Respect would signal a rally to the upper channel border, while breakout below the rising trendline would warn of a sharp fall. 63-Day Momentum below zero suggests the down-trend is strengthening.

Brent Crude Afternoon Markers

* Target calculation: 105 – ( 115 – 105 ) = 95