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    Brent: Fibonacci analysis on 19.02.2016

    A growth can resume.

    On the 4-hour chart, the price remains near the level of 33.68 (61.8% correction) and may continue falling along the 61.8% arc towards 33.00 (50% correction), 32.34 (38.2% correction, near a crossover with the descending fan line 61.8%), and possibly 31.50 (23.6% correction). In case of a breakout of the level of 33.68, the pair might grow to the levels of 34.50 and 35.20.


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