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Crude begins to turn

Tuesday 28 June 2016 14:02 BST

The longer-term outlook for Brent Crude has remained largely unchanged with a seasonal low expected in the second half of the year, according to David Linton, Chief Executive at Updata.

Linton says there is a strong likelihood that we have reached the highs for the year and downside targets in the short-term are 47.05 and 45.95.

For details, watch Updata’s Technical Analysis for Energy Traders, which includes an analysis of the major energy, currency and stock markets:

Crude Oil
US NatGas
European Gas & Power
Coal & Emissions
Currencies
Stock Markets

 

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