5
Crude oil price is showing positive momentum, approaching a key resistance at $68.64. The EMA50 also converges with this level, strengthening its significance. As long as the price remains below $68.64, the bearish outlook will stay intact for today. The main target for the downside remains at $65.50.
The expected trading range for today is between support at $65.80 and resistance at $68.80.
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Trend Forecast: Bearish
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