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Crude oil prices have settled around the $72.15 mark, indicating attempts to break through this level. A successful breach would suggest a continuation of the upward trend, potentially pushing prices towards the next target of $73.70.
Today, a bullish bias is anticipated; however, if the breach does not materialize, prices may experience a bearish rebound, testing the initial support level of $70.58.
The expected trading range for crude oil today is between a support level of $70.80 and a resistance level of $73.80.
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