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Crude oil price awaits more positive targets – Forecast today - 02-10-2024
Crude oil price continued to rise to touch 71.95$ level, and leaned on the support base 70.44$ to start rising again, and we suggest breaching 71.95$ to open the way to achieve more gains that reach 73.48$ as a next positive station.
Therefore, we are waiting for more expected rise in the upcoming sessions, supported by moving above the EMA50, noting that breaking 70.44$ will stop the bullish trend and push the price to decline again, to target 68.55$ areas on the near-term basis.
The expected trading range for today is between 70.20$ support and 73.20$ resistance
Trend forecast: Bullish
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