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Crude oil price resumes the rise – Forecast today - 12-06-2024
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Crude oil price resumes the rise – Forecast today - 12-06-2024
Jun 11, 2024 10:00 PM

Crude Oil Price Analysis Expected Scenario Crude oil price traded with clear positivity to move away from 77.64$ level and surpass the minor resistance 78.25$. The price settles above it, activating the positive scenario on the intraday basis and heading towards continuing the rise in the upcoming sessions. The target is to test 79.55$ as a next station, noting that breaching this level will extend the bullish wave to reach 81.50$ as a next main target. We are waiting for more expected rise for today, noting that breaking 77.64$ will stop the bullish trend and push the price to turn to decline. Expected Trading Range Between 77.20$ support and 80.20$ resistance. Trend Forecast: Bullish

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