OIL Forex Analysis for Today, Monday(01-04-2024)
Check Buying Opportunities in Oil! Descending Triangle Pattern Confirmed
Daily Analysis CLSK
Increasing Oil Prices
The rise in crude oil imports and declining gasoline demand have caused crude oil prices to rise.
Descending Triangle Pattern
Oil has the potential to continue its uptrend with the confirmed formation of a descending triangle pattern on the H4 time frame. Look for buying opportunities as long as the price does not penetrate the support area.
Prediction: STRONG OIL
Resistance
- R1 82.45
- R2 81.22
- R3 82.97
- R4 83.58
Support
- S1 81.22
- S2 82.45
- S3 80.52
- S4 79.91
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