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Brent crude drops back below $85 after nailing technical resistance level earlier today
Much earlier today, as the price of Brent crude was on the rise, a nearby technical resistance level was highlighted here. That was at approximately $85.78. Brent topped out earlier $85.80 and it has fallen back to below $85 since. So, it is hoped the observation of that technical resistance level helped you the reader to make the right trading decision, if you were involved in this one? The drop back below $85 now comes amid reports of no planned changes by OPEC in their upcoming meeting. The low seen so far has ben set at $84.83. Brent for September delivery is currently trading at $84.89
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