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Brent Oil Futures - Nov 24 (LCOX4)

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71.06
-1.63(-2.24%)
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Brent Oil Futures Discussions

the chart shows the market is ready for two possible outcomes. (1) A good decision by OPEC which will take prices a bit higher and maybe more higher due to possible stimulus and vaccine developments in the US, EU and UK.(2) A bad decision from OPEC which will obviously take the price down and hard and tht good be one of the reasons while the market didn't break $48,99. The market is still cautious of the meeting tomorrow. I think we'll slowly continue the trend upward in anticipation of the meetings. Just what I think
I think its all baked in and wont swing violently either way, Opec will take it easy, the real issue here is the demand which still very low
All the way down....
ya that's something the market will come to realize very soon.
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