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Crude oil price surpasses the first target – Forecast today - 13-09-2024
Crude oil price settles above 68.55$ level after breaching it in the previous sessions, waiting for more rise to achieve additional bullish correction that targets 70.43$ followed by 71.95$ levels as next main stations.
Therefore, the bullish trend will remain valid and active for the upcoming period, and the price needs to surpass the EMA50 that forms intraday obstacle at 69.65$ to ease the mission to achieve the expected targets, taking into consideration that breaking 68.55$ will stop the bullish trend and push the price to resume the main bearish trend again.
The expected trading range for today is between 68.20$ support and 71.20$ resistance
Trend forecast: Bullish
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