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Crude oil prices are currently exhibiting a slight bearish bias, influenced by resistance at the $78.35 level and negative RSI indicators. The market awaits a potential buildup of positive momentum that could push prices past this resistance and drive further gains. Should this occur, the next target is projected at around $79.84.
For the near future, a bullish trend is anticipated, provided the price remains above $76.86. A decline below this level could reverse the current upward trend. Today’s expected trading range is between $76.60 and $79.70.
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