5
Crude oil prices are currently exhibiting positive movement, distancing themselves from the $73.70 level. This trend reinforces expectations for a continued bullish momentum in the coming sessions, with the next target set at $75.65.
Support for this bullish wave is provided by the 50-day Exponential Moving Average (EMA), which remains valid as long as prices do not break and hold below the $73.70 level.
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Today’s anticipated trading range is between a support level of $73.00 and a resistance level of $76.00.
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Trend Forecast: Bullish
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