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Crude oil prices are currently experiencing sideways fluctuations, settling around the $70.58 level. Market participants are awaiting a potential break of this level, which would confirm the continuation of the bearish wave, with the next target set at $68.60. It is essential to note that the persistence of this bearish trend relies on the price remaining below $73.71.
For today, the anticipated trading range is between a support level of $69.00 and a resistance level of $72.00.
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Trend Forecast: Bearish
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