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Jun 5, 2015 5:45 PM

Brent Oil technical analysis 

Crude Oil (Brent)FXCM

Description

The market seems to be a little bit confused, probably because of OPEC meeting and reaching a key support level. Here is some analysis of what may happen if the support would be violated or not.

The nearest strong resistance for TP on long position is somewhere between 63,5 - 64

If the prices will break the key support level, then the next strong support is 59-60
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