Oil against the US dollar is trading in a bearish trend during today’s session, holding below the pivot level of 95.00, reflecting continued selling pressure and negative market sentiment.
If the decline continues, the price is expected to target 92.50 followed by 90.50.
Alternatively, in case of a bullish rebound, oil may rise toward 96.50 and then 98.00.
The bearish outlook remains valid as long as trading stays below 95.00, supporting a potential move toward 90.50.
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