Oil/USD is trading with a strong bullish intraday bias, holding above the key pivot level at 102.00, which reflects sustained buying momentum and positive market sentiment. As long as the price remains above this level, the upward scenario remains favored, with potential targets at 106.00 followed by 108.00 if bullish pressure continues.
However, if the price fails to hold above 102.00 and starts to decline, a corrective move may push it toward 99.80 and then 98.00, which act as key support levels. Overall, maintaining stability above 102.00 strengthens the outlook for continued gains toward 106.00 in the near term.
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