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Brent Crude – Will it Break Below $50

Brent Crude has found a new lease of life in the last 24 hours, having come under significant pressure in recent weeks around what has turned out to be a significant level of support.

So what spurred the sudden move higher in Brent? Will it last or is the psychologically significant $50 a barrel level destined to break?

Senior Market Analyst Craig Erlam discusses all of this and gives his analysis on the daily, 4-hour, 1-hour and 15 minute charts.

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Image - Oil Brent WTI OPEC Organization of the Petroleum Exporting Countries API EIA Inventories


This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here

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Brent Crude – Will it Break Below $50

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