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The price of crude oil is currently trading in a negative fashion, surpassing our anticipated target at 84.55. It is making concerted efforts to maintain levels below this point, thereby strengthening the outlook for an extended bearish trend that may lead to reaching the 81.20 area as the next significant station.
Consequently, we are anticipating further declines on an intraday and short-term basis. It is essential to bear in mind that retaining levels beneath 84.55 is an initial requirement for the continuity of the bearish trend.
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