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Crude oil prices have found strong support at $77.24 per barrel, maintaining stability above this level following recent negative pressure. This consolidation suggests a potential for intraday gains, with the next target being $78.66. A successful breach of this resistance could propel prices towards $80.08.
Conversely, a fall below the $77.24 support level could halt the current bullish trend, potentially leading to increased negative pressure and a decline towards the $75.50 region in the near term.
For today, the anticipated trading range is between a support level of $76.00 and a resistance level of $79.20.
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