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Brent: general analysis on 26.06.2015

Close to record levels, natural resources extraction still influences Brent crude oil prices. Last week, US oil production rose by 9.6 million barrels a day. Gasoline and distillate inventories figures, which rose to 680.000 and 1.84 million barrels, have negative impact on crude oil prices.

The nearest resistance level is 63.67. If the price breaks through it, long positions should be opened with target at 64.80 (MA200), this is the key level, which is difficult to overcome.

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