CLSK Forex Analysis for Today, Friday (19-01-2024)
Monitor: SELL OIL if it Breaks Support
Daily Analysis CLSK
Middle East Conflict Boosts Oil Prices
The unresolved conflict in the Middle East continues to impact the strengthening of crude oil prices despite concerns about demand from China.
Bullish Momentum Decreases
On the H1 time frame, the price is seen being held in the resistance area, and the shrinking size of candlesticks suggests a decrease in bullish momentum. There is a potential correction if support is breached.
Prediction: WEAK OIL
Resistance
- R1 74.50
- R2 73.50
- R3 75.00
- R4 75.50
Support
- S1 73.50
- S2 74.50
- S3 73.00
- S4 72.25
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