CLSK Forex Analysis for Today, Monday (22-01-2024)
Maximize Correction Opportunities from the Peak
Limited Impact of Middle East Conflict
Despite tensions in the Middle East and potential disruptions in Russian fuel exports, the impact is limited. The oil market is expected to remain fairly stable in the first half of 2024, supported by high US production and OPEC production constraints.
Starting to Correct From Resistance Level
After consolidating at the peak of the H1 time frame, prices appear to be correcting again. The failure to break new highs indicates a reduced bullish momentum. There is potential for a deeper correction.
Prediction: WEAK OIL
Resistance
- R1 74.50
- R2 73.50
- R3 75.00
- R4 76.50
Support
- S1 73.50
- S2 75.50
- S3 72.50
- S4 71.25
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