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Lambert: Looking to buy Brent Crude

Clive Lambert from FuturesTechs is looking at buying Brent Crude, which looks set to move higher after months of choppy trading.

With both the daily and monthly uptrend lines holding and key support at USD 52.00-52.50 also holding, Clive is looking to buy Brent Crude (May ’15) on a move above USD 56.50-57.00 with targets at 59.50 and 62.50.

Clive has an initial stop at 55.50, but highlights that even with a stop at 100 ticks, the trade can be choppy and is also at risk with continued dollar strength potentially weighing.

01:15 minutes
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