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Oil Extends Its Uptrend Above Key Resistance

Oil Extends Its Uptrend Above Key Resistance

Crude oil continues to trade in an upward trend, holding above the pivotal level at 58.50.
If the bullish momentum continues, prices are expected to move toward 59.00, followed by 59.40.

Alternatively, a downside reversal could push prices back toward 57.90 and then 57.44.
As long as oil remains stable above 58.50, the upward outlook toward 59.00 remains valid.

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