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Crude oil prices are currently testing the critical support level of $71.95, exerting downward pressure that warrants caution in upcoming trading sessions. To maintain the ongoing bullish correction trend, prices must stabilize above this threshold, with the next target set at $73.48. Conversely, a confirmed breach of $71.95 could lead to increased negative pressure, potentially driving prices down to $70.44.
Today’s expected trading range is between a support level of $71.15 and a resistance level of $74.14.
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