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Crude oil price under the negative pressure – Forecast today - 29-04-2024
Crude Oil Price Analysis
Crude oil price begins today with clear negativity to break 83.90$ level and settles below it, to head towards achieving new bearish correction in the upcoming sessions, targeting visiting 81.50$ areas as a next main station.
Therefore, the bearish bias will be suggested for today unless breaching 83.90$ and holding above it, as this breach will stop the current negative pressure and lead the price to attempt to regain the main bullish trend again.
Expected Trading Range
- Support: 81.70$
- Resistance: 84.60$
Trend forecast: Bearish
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