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Brent Crude analysis: Trade talks, OPEC+, and technical levels
Brent Crude oil prices are consolidating amid mixed signals from US-China trade talks, US-Iran nuclear deal progress, and an upcoming OPEC+ meeting. Technical analysis reveals a tight trading range with key support and resistance levels. Client sentiment data shows a high percentage of traders are long on WTI, suggesting potential for a price decline.
by Zain Vawda
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