OIL Forex Analysis for Today, Monday (03-06-2024)

OIL Forex Analysis for Today, Monday (03-06-2024)

Check SELL Opportunities for OIL: Held at Resistance Area

Analysis of CLSK
Crude Oil Remains Weak Despite OPEC+ Extending Production Cuts
Crude oil prices remain under pressure even though OPEC+ agreed yesterday to continue the production cut program, as the market had already anticipated the agreement. Eight OPEC+ countries had previously stated they would continue with the production cut of 2.2 million barrels per day.

Sell If Support Breaks

Crude oil prices are held at the resistance area. Selling opportunities can be sought at this resistance area.

Forecast: WEAK OIL

Resistance Levels:

  • R1: 78.11
  • R2: 77.43
  • R3: 79.30
  • R4: 78.50

Support Levels:

  • S1: 77.43
  • S2: 78.11
  • S3: 77.11
  • S4: 76.62

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