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Crude oil prices fell sharply yesterday, breaking the $67.56 support level. This decline suggests a continued drop in both the intraday and short-term outlooks, as indicated by the bearish channel on the chart. The next potential targets are $64.40 and $63.40. If prices breach $65.56, the anticipated downward trend may be halted, potentially leading to a bullish correction.
For today, trading is expected to range between $64.60 support and $67.60 resistance.
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