OIL Forex Analysis for Today, Friday(05-04-2024)

OIL Forex Analysis for Today, Friday(05-04-2024)

OIL Forex Analysis for Today, Friday(05-04-2024)

Oil Still Can Seek Another Opportunity to Buy! Price Breaks Resistance Area

Daily Analysis CLSK

Continued Increase in Oil Prices

Ukraine’s attack on Russian oil refineries and OPEC+’s decision to maintain oil production cuts will reduce oil inventories.

Price Breaks Resistance Area

Oil has the potential to continue rising and is supported by the current price breaking the resistance area. Opportunities to buy can be sought as long as the price does not penetrate the support area.

Prediction: STRONG OIL


  • R1 86.00
  • R2 84.50
  • R3 86.75
  • R4 87.55


  • S1 84.50
  • S2 86.00
  • S3 83.68
  • S4 82.81

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