OIL foreign exchange analysis for today, Thursday(25-04-2024)

OIL foreign exchange analysis for today, Thursday(25-04-2024)

Explore OIL Forex Insights Now!

Check Opportunity to Purchase OIL Now! Price Held in Support Area

Daily CLSK Analysis

US Oil Reserves Decline, Market Awaits US GDP

US crude oil inventories fell by 6.4 million barrels last week according to the Energy Information Administration, contrary to analysts’ predictions based on Reuters polling of an increase of 825 thousand barrels. The market is also awaiting US Advanced GDP data, which is expected to slow down.

Price Still Testing Support

Prices are held in the support area. Buying opportunities can be sought in that support area if there is confirmation of bullish signals.

Prediction: STRONG OIL


  • R1 83.09
  • R2 80.50
  • R3 83.90
  • R4 85.28


  • S1 80.50
  • S2 83.09
  • S3 79.60
  • S4 78.25

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