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Brent crude slides below technical support just above $82

In the past few minutes the price of Brent crude for July delivery has fallen below a technical support level, as defined by its 200 day moving average, at $82.02. The level managed to cap the downside yesterday, but it has failed to do so today. The low seen so far has been set at $81.77 and it remains to be seen, if there is more downside on this run to come. Brent is currently trading at $81.80
 

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