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Crude oil prices closed below the $76.86 mark yesterday, signaling potential further declines. The initial target is a test of the $75.00 level; a breach here could extend the downturn towards $73.95 and then $72.04. A continuation of this negative trend is anticipated unless the price surpasses $76.86, which would halt the current bearish momentum and possibly drive prices higher.
Today’s trading range is projected between $74.60 for support and $77.60 for resistance.
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