Brent Crude Oil Hits Seven-Week Low

　　On the H1 chart, a fifth correction structure is developing towards $82.72. Once this target is achieved, a growth phase to $88.58 is expected, marking the first target of the new growth wave. This outlook is corroborated by the Stochastic oscillator, with its signal line currently above 80 and poised to descend to 20.

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　　Any forecasts contained herein are based on the author's particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.