Oil against the US dollar is trading in a bearish trend during today’s session, remaining below the pivot level of 87, reflecting continued selling pressure and negative market sentiment.
If the decline continues, oil is expected to target 82 followed by 80.
Alternatively, in case of a bullish rebound, prices may rise toward 90 and then 94.
The bearish outlook remains valid as long as trading stays below 87, supporting a potential move toward 80.
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