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Crude oil prices closed above the $68.55 mark after surpassing this level in recent trading sessions. The market anticipates additional bullish momentum, with potential targets set at $70.43 and $71.95. To maintain the bullish trend, prices need to clear the EMA50, currently acting as an intraday resistance at $69.65. If prices fall below $68.55, the bullish trend could reverse, leading to a resumption of the main bearish trend.
Today’s expected trading range is between a support level of $68.20 and a resistance level of $71.20.
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