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Crude oil prices have shown limited movement this morning, fluctuating around the 50-day Exponential Moving Average (EMA50). The bullish trend remains in place as long as the price remains above $68.55. The focus is on reaching positive targets, beginning at $70.43 and extending to $71.95, contingent upon surpassing the initial target.
Today’s projected trading range is between a support level at $68.20 and a resistance level at $71.20.
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Trend Forecast: Bullish
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