Brent Crude: $62.42 is the magic cloud chart number!
Brent crude is at a critical support level at the bottom end support zone on the weekly cloud chart. If support holds at this level we should see a rebound from the $62.41 support zone!
Price action still below the daily cloud chart resistance zone! There is potential for a recovery rally back up to the bottom end of the daily cloud resistance zone!
Downside risk towards 57.82 zone if support fails!
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