OIL forex analysis for today, Monday(13-05-2024)

OIL forex analysis for today, Monday(13-05-2024)

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


  • R1 78.57
  • R2 77.93
  • R3 78.91
  • R4 79.31


  • S1 77.93
  • S2 78.57
  • S3 77.56
  • S4 76.93

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Your email address will not be published.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 *