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
Resistance
- R1 86.00
- R2 84.50
- R3 86.75
- R4 87.55
Support
- S1 84.50
- S2 86.00
- S3 83.68
- S4 82.81
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