OIL Forex Analysis for Today, Friday(19-04-2024)

OIL Forex Analysis for Today, Friday(19-04-2024)

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


  • R1 83.47
  • R2 81.47
  • R3 83.90
  • R4 85.29


  • S1 81.47
  • S2 83.47
  • S3 80.89
  • S4 80.07

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *