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