Crude oil prices saw a bullish bounce after reaching the extended target of $65.50 mentioned in previous reports. The price tested the resistance level at $67.05, a key point formed after breaking through it earlier.
For the main bearish trend to remain intact, the price must stay below the $67.05 resistance level. If this holds, the next primary target for the bearish wave is $64.00.
Key Levels to Watch:
- Support: $64.00
- Resistance: $67.05
Trend Forecast: Bearish (with resistance at $67.05)
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