Oil/USD continues to trade with a bullish bias during the day, supported by stability above the key pivot level at 90.00, highlighting sustained buying strength in the market. As long as prices remain above this level, the bullish outlook stays intact, with potential targets at 95.00 followed by 100.00 if upward momentum persists.
However, if the price fails to maintain its position above 90.00 and starts to decline, a corrective move could push it toward 85.00 and then 80.00, which represent key support levels. Overall, holding above 90.00 reinforces the likelihood of further gains toward 95.00 in the near term.
Discover why over 25.000 live trading accounts trust Highness, and join the community of successful traders today.
KU 