OIL Forex Analysis for Today, Friday (14-06-2024)
Look for BUY Opportunities in OIL at Trendline and Support Areas
CLSK Analysis
Analysts Predict Increased Demand Until 2025
Crude oil analysts generally expect that crude oil demand will increase throughout the third quarter of 2024. A surplus is predicted to occur only in 2025.
Buy at Trendline and Support Areas
Crude oil prices are still correcting to the trendline and support areas visible on the H1 time frame. Buying opportunities can be found in these trendline and support areas.
Prediction: STRONG OIL
Resistance Levels
- R1 77.84
- R2 76.79
- R3 78.20
- R4 78.62
Support Levels
- S1 76.79
- S2 78.20
- S3 76.20
- S4 75.16
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