Oil/USD is trading with a clear bullish intraday bias, holding above the key pivot level at 107.00, reflecting continued buying strength and positive market sentiment. As long as the price remains above this level, the upward scenario remains dominant, with expected targets at 112.00 followed by 115.00 if momentum continues.
However, if the price fails to maintain its position above 107.00, a corrective decline may occur, pushing it toward 103.50 and then 100.00, which represent key support levels. Overall, stability above 107.00 strengthens the outlook for further gains toward 115.00 in the near term.
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