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[Economies analysts predict that WTI crude oil prices may return to decline]
May 14gg777com, according to the latest views from Economies analystsgg777com, WTI crude oil prices are in test 79gg777comThe resistance level began to fall back after.6, affected by the EMA50 pressure line. This enhances the possibility that crude oil prices will resume their downward trend for some time to come, with a target level ranging from 77.gg777comStarting from.64, once this level falls below, the price may decline further to 75.25.
Analysts stressed that unless WTI crude oil prices break through 79.60 and continue to rise, the market will continue to be bearish on an intraday and short-term basis. Today's trading range is expected to be between 77.30 support and 80.40 resistance.