Oil against the US dollar is trading within a sideways range with a bullish bias during today’s session, holding above the pivot level of 96.00, reflecting improved market sentiment and continued technical support.
If the upward movement continues, the price is expected to target 98.00 followed by 100.00.
Alternatively, in case of selling pressure, oil may decline toward 95.00 and then 93.00.
The bullish outlook remains valid as long as trading stays above 96.00, supporting a potential move toward 100.00.
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