Crude Oil Forex Analysis for Today
SELL OIL Preparation: Tweezer Top at Resistance
Daily Analysis CLSK
OPEC+ Considers Continuing Production Cuts
OPEC+ is considering extending production cuts until the second quarter of this year, causing oil prices to briefly strengthen. However, the strength is limited due to data showing a 4.2 million barrel increase in US oil reserves last week.
Tweezer Top Pattern
Crude oil prices are restrained by resistance, accompanied by the appearance of a tweezer top pattern. The selling opportunity will be stronger if there is a breakthrough below the support.
Prediction: WEAK OIL
Resistance
- R1 79.70
- R2 77.68
- R3 80.56
- R4 81.72
Support
- S1 77.68
- S2 79.70
- S3 76.83
- S4 75.72
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