Brent: descending triangle signals potential 8.47% slide
Brent crude oil prices are stuck in a large descending triangle, with a breach to $70.31, the lows from October and September, suggesting a decline to $64.27 per barrel, representing a potential slide of 8.47%. However, if the price breaks above the trendline side of the pattern and surpasses the November 25 high of $74.83, it could rise to $79.91.
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