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Oil prices struggle to rally

West Texas Intermediate Crude Oil market initially tried to rally during the trading session Thursday but ran into trouble at a couple of different points on the chart. 
 
At this point, analysts says the price could go down towards the $55 level, possibly breaking below there and reaching towards the $54 level. 
 
Brent markets also tried to rally initially during the day but fell below the top of the shooting star from the previous session.
 
The market has broken back below the $60 level.


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