Brent failed to approach 49.50
19 July, 2017
Brent failed to approach 49.50 and turned around a few pips below the level. Sellers kept driving the benchmark lower the whole night and found an obstacle at 48.50. The resistance lies at 49.50, the support lies in at 48.50 dollars per barrel. If sellers retain control Brent oil prices may ease to 47.50 dollars per barrel.
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