Oil is trading against the US dollar in a bullish intraday trend, holding above the pivot point at 59.81.
If bullish momentum continues, prices are expected to target 60.00 followed by 60.50.
Alternatively, if the trend reverses, prices may decline toward 58.80 and then 58.50.
The bullish scenario remains valid as long as prices stay above 59.81, supporting a move toward 60.50.
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