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Crude oil prices posted notable gains yesterday, reaching $74.45. However, the price has begun to lose its bullish momentum as the EMA50 indicator applies negative pressure, suggesting a potential return to a bearish trend. The primary target for this downturn is the previous low of $72.04.
Today, negative trading is anticipated. If prices exceed $74.20, they may achieve additional gains, potentially testing $75.00 before a possible decline.
The expected trading range for today is between $72.00 and $75.00.
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