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July 16, 2012

Brent Crude Completing an Inverted Head and Shoulders Pattern

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Brent crude oil prices have been rallying since mid-June, and cleared the consolidation period in July, as seen in the 4H chart. The 4H RSI was able to pop up above 70 late June, early July, and has remained above 40 during the consolidation, reflecting intact bullish momentum. Last week, it popped... FF News: Technical

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