Oil continues its upward movement against the U.S. dollar today, holding steady above the pivotal level of 58.80. If the bullish trend persists, the price is expected to rise toward 59.90 and then 60.70, which represent key resistance zones.
In the alternative scenario, if the trend reverses downward, the price may decline toward 57.55 and then 56.65.
Additionally, maintaining stability above 59.90 could support further upside toward 60.70.
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