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Brent oil – Eyes 100-DMA

FX:UKOIL   CFDs on Crude Oil (Brent)
  • Brent prices rallied on reports OPEC to Hold Talks in September as Oil Market Takes Downturn.
  • Brent’s daily close back inside the falling wedge today would open doors for a test of daily 100-MA level of $46.14.
  • On the lower side, only a break below $44.23 (today’s low) could yield a re-test of $43.00 levels.

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