OIL Forex Analysis for Today, Monday(25-03-2024)
Prepare to BUY OIL NOW! Support Still Holding
Daily Analysis CLSK
Decrease in US Rig Count
Crude oil prices slipped and tended to move flat, driven by the possibility of a ceasefire in Gaza. However, ongoing warfare in Europe and a decrease in the number of operating rigs in the US are holding back price declines.
Support Area Held
Prices held in the support area seen on the H1 time frame. Look for buy signal confirmation in that support area.
Prediction: STRONG OIL
Resistance
- R1 80.87
- R2 80.09
- R3 81.28
- R4 81.59
Support
- S1 80.09
- S2 80.87
- S3 79.69
- S4 78.94
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