Chance for Rally: Reconsidering Buying Oil!
Daily Review of CLSK
The US economy is growing at a faster rate, with Geopolitical concerns overshadowing.
Oil prices surged approximately 3% following better-than-expected US economic data, while tensions in the Red Sea disrupted trade. Middle East tensions and shipment disruptions are bolstering price increases.
Valid Break of High Resistance: Successfully penetrating the resistance barrier at 75.00, Oil faces correction from its peak. Optimize buying opportunities within the price correction range.
Conclusion: STRONG OIL
Resistance
- R1: 75.20
- R2: 74.50
- R3: 77.65
- R4: 78.50
Support
- S1: 74.50
- S2: 75.50
- S3: 73.20
- S4: 71.90
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