OIL Forex Analysis for Today, Monday(08-04-2024)

OIL Forex Analysis for Today, Monday(08-04-2024)

OIL Forex Analysis for Today, Monday(08-04-2024)

Check Opportunities to Buy OIL Now! Potential Price Testing Support Area

Daily Analysis CLSK

Continued Increase in Oil Prices

Tensions in the Middle East and OPEC+’s decision to maintain oil production cuts will decrease oil supplies.

Potential Price Testing Support Area

Oil has the potential to test the support area before resuming its upward movement. Buying opportunities can be sought as long as the price does not penetrate the support area.

Prediction: STRONG OIL

Resistance

  • R1 84.50
  • R2 83.50
  • R3 85.00
  • R4 85.50

Support

  • S1 83.50
  • S2 84.50
  • S3 83.00
  • S4 82.50
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