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Brent backs off from March 2015 resistance

Discussion in 'Technical Analysis' started by ForexLive, Mar 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Next round of inventory data puts the proverbial skids under the oil rally Any strong speculative move is fine until reality hits and it's hitting in oil right now. Fundamentally there's nothing that's really changed in the supply/demand picture so there's a strong case to say this recent rally is based on a fair amount of hot air.

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