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OIL TRADE OPPORTUNITY

OIL TRADE OPPORTUNITY

BRENT OIL FUTURES MOEX:BR1!

Oil             is moving down since it find resistance around 51 USD, this is a strong level.
The first support zone is around 46,25. And a bigger support zone can be found around 42 USD.

For the short term, Brent Oil             can move lower to 46,25 - 46,50. When this level will break, the next stop is around 42 USD.