Short term view - OIL & GAS (STXE600) : Breaking out of the rectangle
The previous high has been passed, the bullish trend is confirmed. The next target is at 346.90 pts. The invalidation level is below 329.65 pts.Arguments :
- The major support has been reached, it causes the bounce.
- The first target of the rectangle has been reached, nonetheless, as the pattern reversed the trend, the rise may continue.
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