OIL Forex Analysis for Today – Thursday (07-03-2024)
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Consider SELL Opportunities in CLSK, Potential Double Top
Daily CLSK Analysis
Fed Outlook Also Boosts Crude Oil
Crude oil prices strengthened yesterday after Fed Chair Jerome Powell stated that interest rate cuts will begin this year. Additionally, US gasoline inventories declined, indicating an increase in demand.
Potential Double Top
Crude oil prices are halted in the resistance area, showing potential for a double top. Look for sell opportunities in the resistance area.
Prediction: WEAK OIL
Resistance Levels
- R1: 81.26
- R2: 79.60
- R3: 82.10
- R4: 83.64
Support Levels
- S1: 79.60
- S2: 81.26
- S3: 78.87
- S4: 77.25
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