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Oil Maintains Upward Momentum Above Key Support

Oil Maintains Upward Momentum Above Key Support

Crude oil is trading in an upward trend during today’s session, holding above the pivotal level at 58.14.
As long as prices continue to stabilize above this level, the bullish scenario remains valid.

Further upside could push prices toward 58.50, followed by 58.80.
However, if the price reverses lower, a decline toward 56.70 and then 55.20 may come into play.

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