Oil against the US dollar is trading within a sideways range during today’s session, holding above the pivot level of 104.00, reflecting balanced market sentiment with a bullish bias.
If the upward movement continues, the price is expected to target 108.00 followed by 110.00.
Alternatively, in case of a downside move, oil may decline toward 100.00 and then 96.00.
The bullish outlook remains valid as long as trading stays above 104.00, supporting a potential move toward 110.00.
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