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Oil now
The oil market at the start of the week maintains a moderately downward trend, which slowed down last week attempts of growth. The main factor of restraint in the oil market is the uncertainty in the market and the persistence of pessimistic moods in the stock markets. Due to this, the main oil brands are traded very restrained, but retreated from the July lows.
At this stage, the main oil brands are limited to the trading range of the previous week, while maintaining a restrained upward trend.
Look Technical Analysis.
Brent crude oil is traded in the region of $ 64.10, a decrease of about -0.20% in price.
WTI oil is traded at about $ 57.30, a decrease of about -0.30% in price.
Read also: “Dow Theory – Averages must confirm each other”
Dani Leviant
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