OIL Forex Analysis for Today, Monday(22-04-2024)

OIL Forex Analysis for Today, Monday(22-04-2024)

OIL Forex Analysis for Today, Monday(22-04-2024)

Let’s Search for SELL Opportunities in OIL Again! Price Testing Support

Daily Analysis of CLSK

US Oil Reserves Still High

Oil prices are pressured by the increase in US oil reserves by 2.7 million barrels, while the market views Israel’s retaliatory attack on Iran as still a small-scale attack that can be anticipated by Iran.

Monitor Potential Breakthrough Support

Prices are approaching the support area, where there is a high probability of taking a sell opportunity if the price breaks below that support.

Prediction: WEAK OIL

Resistance

  • R1 83.24
  • R2 83.24
  • R3 83.90
  • R4 85.29

Support

  • S1 80.90
  • S2 83.24
  • S3 79.85
  • S4 78.70
JustMarkets

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