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Crude Oil Price Analysis: Projected Outlook
Crude oil prices have clearly breached the $75.25 level and settled above it, paving the way for continued upward momentum and further gains on an intraday basis. The next target is set at $77.64.
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To facilitate reaching this target, breaching the $76.05 level is essential. Conversely, falling below $75.25 would signal a negative shift, potentially returning the price to the main bearish track.
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Expected Trading Range
The anticipated trading range lies between a support level of $74.40 and a resistance level of $77.60.
Trend Forecast: Bullish
