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Brent crude slips on global concerns, prices trailing near crucial support levels

Bhagyashree Vivarekar / Article rating: 5.0

Prices have corrected, making lower tops and lower bottoms from the 2018 top of 86.74 made on October 3. Currently, Brent crude is trading at USD 77.58/barrel. we hold 74.40-74 as the crucial supports provided 75.10 is broken on a closing basis. On the upside, 78 followed by 80.88 will act as major resistance.

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