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    Brent: Fibonacci analysis on 10.02.2016

    A fall is likely to continue.

    On the 4-hou chart, the price is in the area of the level of 30.72 (61.8% correction) which is seen as the key one. In case of its breakdown, the price continues falling to 29.45 and 28.25. Alternatively, if the price reaches the level of 31.69 (50.0% correction), it would continue growing to 32.68 (38.2% correction) and 33.89 (strong level where the 23.6% corrections for the short-term and medium-term trends have concentrated).


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