Petrobras (Brazil) - possible more than 10% short-term gains

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PETR4 seems to be tracing minute wave 3 up of a C counter trend move. If prices crosses up 18.60, the odds increase for this scenario with the most probable target around the 22.00 level. If prices crosses down 16.60, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
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brasilbrazilElliott WaveOilPETR4petropetrobraspetroleumTrend AnalysisWave Analysis

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