OIL Forex Analysis for Today, Friday (14-06-2024)

OIL Forex Analysis for Today, Friday (14-06-2024)

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

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.

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