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

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