Crude oil maintains a bullish tone during today’s trading, supported by stability above the key pivot level at 58.14.
As long as prices continue to trade higher, the market is likely to target 58.50 initially, followed by 58.80.
On the other hand, if selling pressure emerges, a corrective move toward 57.60 and then 57.40 could take place.
Overall, as long as oil remains firmly above 54.98, the upward trend is expected to stay intact.
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