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Crude oil prices have declined to a crucial support level of $76.86 but are currently consolidating above this mark, signaling the potential for a new bullish trend. The price is aiming to build positive momentum to test the $78.35 level, with a successful breach potentially driving it towards $79.84. Positive trading is anticipated today, though a drop below $76.86 could halt the expected rise and result in further losses.
The projected trading range for the day is between $76.00 and $79.00.
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