Oil USD is witnessing strong upward momentum during today’s trading session, as the price continues to move in a bullish trend above the pivot point at 64.00, supporting the chances of further gains.
According to the main scenario, if the upward movement continues and the price remains above 64.00, it is expected to target the 65.00 level first, followed by 66.00.
In the alternative scenario, if the price reverses downward and falls below 64.00, it may move toward 62.00 and then 61.00.
Holding above the 64.00 level could support continued upward movement toward 65.00, while the overall trend remains positive.
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