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Brent Crude Oil Feb Contract Forecast for 7th January by Daytradeideas.com

Brent Crude looks ready for some profit taking with failure to get back above 111.43/53 likely to pressure prices down to 110.54/38. Failure here today then sets us up for further losses to a target of 109.80. Good chance of a bounce off this level today but if attempting longs here we need a stop below 109.50 for 109.05.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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