CLSK Forex Analysis for Today, Thursday(11-01-2024)
SELL! OIL at Support, Bearish Pressure Still Strong
Daily Analysis CLSK
US Oil Reserves Surged
World oil prices are under pressure after unexpected surges in US oil reserves, raising concerns about low demand in one of the world’s largest oil markets.
Consolidation at Support Area, Bearish Candle Still Lengthy
Prices held at the support area followed by the appearance of a short candle, but the two previous bearish candles still indicate significant bearish pressure.
Conclusion: WEAK OIL
Resistance
- R1 71.90
- R2 71.00
- R3 72.40
- R4 72.60
Support
- S1 71.00
- S2 71.90
- S3 70.60
- S4 70.40
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