Crude oil prices are currently fluctuating around the 72.15$ level, where strong resistance is being encountered. The market is waiting for a positive catalyst to push prices above this level, opening the path for a potential move towards 73.70$, which is the next key target.
The EMA50 continues to provide support, reinforcing the expectation of a bullish trend in the near term. This outlook will remain valid unless prices drop below 70.58$ and hold beneath this level.
The expected trading range for today is between support at 70.50$ and resistance at 73.50$.
Trend Forecast: Bullish
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