Oil against the US Dollar (Oil/USD) is showing positive movement during today’s trading session, maintaining its bullish trend supported by stability above the key pivot level at 61.20.
If an upward move begins and prices continue to hold above this level, the price is expected to reach 62 as the first target, followed by 62.30 as the next upside level.
However, if the trend reverses and the price breaks below 61.20, it may decline toward 60 as initial support, followed by 59.40.
Overall, the bullish scenario remains the most likely as long as prices remain above 61.20, with traders watching for a potential move toward the 62 level.
Discover why over 25.000 live trading accounts trust Highness, and join the community of successful traders today.
KU 