Crude Oil Price Forecast: Faces Pullback Risk After 26-Week Highs
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Crude oil prices hit a 26-week high but are now facing a potential bearish reversal after breaking the $77.30 level. Key support and resistance levels will determine its next move.
January 21, 2025 | 9:45 pm
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The United States Brent Oil Fund (BNO) may experience volatility as crude oil prices face a potential bearish reversal after reaching a 26-week high.
BNO, which tracks Brent crude oil prices, is likely to be impacted by the potential bearish reversal in crude oil prices. As crude oil faces a pullback risk after breaking $77.30, BNO may experience downward pressure.
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