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Brent Oil Rejected Again

Brent Oil slips lower after another failure to close above the 53.03 major static resistance. A USD/CAD further increase will send the rate much below the $51.00 per barrel.

Technically is somehow expected to decrease after the false breakout above the upside line of the minor ascending channel, could be attracted by the confluence between the SL with the downside line of the minor ascending channel if the US data will impress.

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