Brent Trading Analysis (27/01/2025)

The trend is upward. The oil trades in the range between 365 and 135 EMAs. The bearish wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are out of the oversold zone.

Trade idea:

• Buy at the beginning of the formation of the upward wave structure, when wave A breaks the sloping channel of the descending truncated structure.
• Stop-loss at 77.50.
• Price targets at 80.50 and 82.00.

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