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Crude oil prices have been trading sideways and tightly throughout the morning session, indicating no change to the expected bearish trend for today. This outlook relies on the price remaining below $70.58, influenced by a previously completed double top pattern. The next target is set at $68.65.
The anticipated trading range for today is between the support level at $68.60 and the resistance level at $71.60.
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Trend Forecast: Bearish
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