CLSK Forex Analysis – Tuesday, January 16, 2024

CLSK Forex Analysis – Tuesday, January 16, 2024

CLSK Forex Analysis for Today – Tuesday, January 16, 2024

Check out the analysis at Online Forex Africa

Oil at Resistance Area: Monitor Sell Signals

Daily Analysis of CLSK

The market is awaiting the impact of the US & UK attacks. Crude oil prices have not shown significant strength as market participants continue to assess the effects of the US and UK attacks on Houthi militants in Yemen, impacting supplies in the Middle East.

Re-testing the Trendline, Resistance Holds

Prices are re-testing the downward trendline area. The appearance of sell signals at the resistance zone will confirm selling opportunities.

Conclusion: Weak Oil

Resistance Levels

  • R1: 74.00
  • R2: 72.50
  • R3: 74.50
  • R4: 75.50

Support Levels

  • S1: 72.75
  • S2: 74.00
  • S3: 72.00
  • S4: 71.25

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