OIL Forex Analysis for Today, Friday (21-06-2024)

OIL Forex Analysis for Today, Friday (21-06-2024)

OIL Forex Analysis for Today, Friday (21-06-2024)

Seek BUY Opportunities, OIL Remains in Uptrend

CLSK Analysis

US Oil Reserves Decrease

US crude oil reserves decreased by 2.5 million barrels last week. Gasoline and diesel reserves also fell. JPMorgan predicts Brent crude will rise to $90 per barrel in September. Brent’s increase often leads to a rise in WTI crude oil.

Monitor Resistance Area

The price is still moving in an uptrend and is currently testing the resistance area. Buying opportunities can be sought if there is a breakout above the resistance.

Prediction: STRONG OIL

Resistance Levels

  • R1 80.27
  • R2 82.82
  • R3 83.67
  • R4 84.57

Support Levels

  • S1 78.00
  • S2 79.00
  • S3 80.00
  • S4 81.17

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