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End of day crude oil price forecast update - 07-05-2024
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End of day crude oil price forecast update - 07-05-2024
May 7, 2024 11:29 AM

Crude oil price traded with clear negativity to reach few pips away from our waited target at 77.65$, and bounced bullishly to test 79.00$ barrier, waiting to resume the negative trades and achieve additional targets that extend towards 75.25$, taking into consideration that breaching 79.60$ will stop the expected decline and lead the price to turn to rise.

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