Oil against the US dollar is trading in a sideways range with a bullish bias during today’s session, holding above the pivot level of 59.90.
If an upward move starts, the price is expected to target 60.50 followed by 61.10.
Alternatively, in case of a bearish reversal, the price may decline toward 59.40 and then 58.80.
The bullish scenario remains valid as long as prices stay above 59.90.
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