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Both Brent and WTI remain under pressure........>

OIL
OIL: Both Brent and WTI remain under pressure following yesterday's surprise DOE
crude build. While they have both found some tentative support at their
respective 200-DMAs, their bounces have not been unconvincing and the focus
remains lower for now.
- WTI looks particularly precarious given the decisive break below uptrend
support from the Feb 2 lows. 
- A break below its 200-DMA would leave only the June 18 low of $63.59 in the
way of the beginning of a bearish trend with large downside potential. 

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