Oil against the US dollar is trading in a bearish trend during today’s session, remaining below the pivot level of 79.60, reflecting continued selling pressure and negative market sentiment.
If the decline continues, oil is expected to target 77.80 followed by 77.00.
Alternatively, in case of a bullish rebound, prices may rise toward 80.80 and then 82.00.
The bearish outlook remains valid as long as trading stays below 79.60, supporting a potential move toward 77.00.
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