Oil against the US dollar is trading within a sideways range with a bearish bias during today’s session, remaining near the pivot level of 93.00 amid cautious market sentiment.
If the decline continues, oil is expected to target 91.00 followed by 90.00.
Alternatively, in case of a bullish rebound, prices may rise toward 95.00 and then 98.00.
The bearish outlook remains valid as long as trading stays below 93.00, supporting a potential move toward 90.00.
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