Oil against the US dollar is trading in a bearish trend during today’s session, remaining below the pivot level of 76.70, reflecting continued selling pressure and negative market sentiment.
If the decline continues, oil is expected to target 75.60 followed by 75.00.
Alternatively, in case of a bullish rebound, prices may rise toward 77.10 and then 77.90.
The bearish outlook remains valid as long as trading stays below 76.70, supporting a potential move toward 75.00.
Discover why over 25.000 live trading accounts trust Highness, and join the community of successful traders today.
KU 