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Technical Analysis #C-BRENT : 2016-01-25

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Cold spell supports oil On Friday the global oil prices edged up more than 6% due to the brisk demand on residual oil amid cold spell in Europe and US. The daily prices growth was after their record 25-year fall in January so market participants see it as correction. Will oil prices continue rising? Let’s study the European oil grade – Brent. Since the start of the year the Brent oil prices slumped 24% hitting a fresh record low since 2003. The main reason was the supply glut in global markets

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