CLSK Forex Analysis for Today, Wednesday(31-01-2024)
Visit Online Forex AfricaPrepare to SELL CRUDE OIL Again: Potential Quasimodo Pattern
Daily Analysis CLSK
IMF Raises Global Growth Projection
Crude oil prices strengthened after the International Monetary Fund (IMF) raised its economic growth projection. The market also awaits the United States’ reaction to drone attacks on its troops in the Middle East.
Potential Quasimodo Pattern
On the H1 time frame, there is a potential quasimodo pattern observed. A double doji pattern also indicates a decrease in bullish momentum. A breakthrough of support will increase the selling opportunities.
Prediction: WEAK CRUDE OIL
Resistance
- R1 78.15
- R2 77.10
- R3 78.50
- R4 79.25
Support
- S1 77.10
- S2 78.15
- S3 76.90
- S4 76.40
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