OIL Forex Analysis for Today, Thursday (13-06-2024)

OIL Forex Analysis for Today, Thursday (13-06-2024)

OIL Forex Analysis for Today, Thursday (13-06-2024)

OIL Still Uptrend: Look for BUY at Support Area

CLSK Analysis

Supply-Demand Gap Expected to Narrow

Crude oil prices are rising as the gap between demand and supply is expected to narrow in Q3 2024. The US Department of Energy forecasts global demand to increase by 1.1 million barrels per day this year.

Buy at Support Area

Crude oil prices are in an uptrend as seen in the H1 time frame. Buying opportunities can be sought if a correction to the support area occurs.

Prediction: STRONG OIL

Resistance Levels

  • R1 77.84
  • R2 76.79
  • R3 78.20
  • R4 78.62

Support Levels

  • S1 76.79
  • S2 78.20
  • S3 76.20
  • S4 75.16
JustMarkets

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. XM broker 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Your email address will not be published.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 *