BRENT

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BRENT

BRENT Oil lost its rising bottom form after the announcement. There was a market breakout and the upward momentum was exhausted. It should be expected that the price will pull back to the $77-78 band in order to clear trend liquidities. The liquidity of the rising trend has been accumulating in the lower regions for a long time. These levels will be visited by the price. Support: 80.30 Resistance: 84.00 - 85.40