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End of day crude oil price forecast update - 05-06-2024
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End of day crude oil price forecast update - 05-06-2024
Jun 5, 2024 11:54 AM

Crude oil price rallies upwards to breach 73.90$ level and head towards achieving expected gains on the intraday basis, targeting testing 75.25$ as a next main station, noting that it is important to monitor the price at this level, as breaching it will lead the price to achieve more gains and target 77.64$ areas on the near-term basis, while consolidating below it will push the price to resume the main bearish track and head towards 71.35$ mainly.

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