The 127.2% Fibonacci retracement target is at 8, 631, which also coincides nicely with the upper parallel trading channel.

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The parallel trend channel has its upper boundaries now in the 320 area.

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Mario Ploner, the managing director of Tecnomeccanica Biellese, says the ship-based system will use external booms running parallel with the vessel's sides to channel oil onto wool that has been spread over the surface of the sea.

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