OIL DROPS! Look for Selling Opportunities in Resistance Area
Analysis CLSK
Crude Oil Pressured by Fed Comments
Crude oil prices are under pressure following comments from Fed officials indicating that interest rates are likely to remain high for the time being, which could hinder demand from the world’s largest oil consumers.
Look to Sell in Resistance Area
Prices are revisiting the resistance area and still moving under pressure on the H1 time frame. Selling opportunities can be taken in the resistance area.
Prediction: WEAK OIL
Resistance
- R1 78.57
- R2 77.93
- R3 78.91
- R4 79.31
Support
- S1 77.93
- S2 78.57
- S3 77.56
- S4 76.93
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