CLSK Forex Analysis for Today, Wednesday (17-01-2024)
Back in Bearish Bias, OIL May Decline Again
Daily Analysis CLSK
The strengthening of the Dollar offsets the impact of disturbances in the Red Sea
Crude oil prices are under pressure due to the impact of a strengthening Dollar that can offset concerns about supply disruptions in the Red Sea.
Falling Below the Trendline Again
Prices are moving down again after failing to break through the downtrend line area. A breakthrough of support will strengthen the bearish bias and open up selling opportunities again.
Conclusion: WEAK OIL
Resistance
- R1 72.40
- R2 71.70
- R3 72.80
- R4 73.00
Support
- S1 71.70
- S2 72.40
- S3 71.40
- S4 71.15
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