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Oil Holds Bullish Outlook Above 90.00 Level

Oil Holds Bullish Outlook Above 90.00 Level

Oil/USD is trading with a bullish bias during the day, supported by stability above the key pivot level at 90.00, indicating strong buying momentum in the market. As long as the price remains above this level, the upward scenario remains favored, with potential targets at 95.00 followed by 100.00 if bullish momentum continues.

On the other hand, if the price fails to hold above 90.00 and starts to reverse, a corrective move may push it toward 85.00 and then 80.00, which are considered key support levels. Overall, maintaining trading above 90.00 increases the chance of further upside toward the 95.00 level in the near term.

 
 

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