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Crude oil prices have remained confined within a narrow range since the start of the trading day, maintaining stability below the $68.64 level. As long as prices stay below this key resistance point, the bearish trend outlook is expected to persist. Market watchers are eyeing potential support levels at $67.00 and $65.50 as the next major downside targets.
Should the price hold below $68.64, the bearish scenario will remain in play.
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The anticipated trading range for today is between support at $66.70 and resistance at $69.70.
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Trend Forecast: Bearish
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