OIL Forex Analysis for Today, Friday(19-04-2024)
Get Ready to SELL! OIL Under Pressure Again!
Daily Analysis of CLSK
Increase in US Oil Stocks Dampens Impact of Middle East Tensions
Unlike gold, crude oil is under pressure despite ongoing tensions in the Middle East involving Iran and Israel. So far, Israel has not shown aggressive behavior, although they have stated they will respond to Iran’s attacks. Meanwhile, the increase in US oil supply by 10 million barrels still affects the market.
Monitor Potential Break Below Support
Prices are approaching the support area, where there is a high probability of taking a sell opportunity if prices break below that support.
Prediction: WEAK OIL
Resistance
- R1 83.47
- R2 81.47
- R3 83.90
- R4 85.29
Support
- S1 81.47
- S2 83.47
- S3 80.89
- S4 80.07
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