Oil against the US dollar is showing positive performance during today’s trading, reflecting the continuation of the upward trend in the market. The 64.00 level represents a key pivot point supporting current price action.
If prices continue to trade above this level, the market is expected to target 65.00 followed by 66.00, increasing the chances of further upside momentum.
However, if a reversal occurs, prices may decline toward 62.00 and then 61.00, indicating a temporary price correction.
Overall, the bullish scenario remains more likely as long as oil holds above 64.00.
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