OIL Forex Analysis for Today, Thursday (20-06-2024)

OIL Forex Analysis for Today, Thursday (20-06-2024)

OIL Forex Analysis for Today, Thursday (20-06-2024)

Potential to BUY OIL, Still in Uptrend

CLSK Analysis

Market Monitors Middle East Conditions

The market’s focus has returned to the Middle East after Israel’s Foreign Minister warned of the possibility of an all-out war with Lebanon’s Hezbollah group, despite the US efforts to avoid widespread conflict.

Monitor Trendline Area

Prices are still moving within the uptrend line. Buying opportunities can be sought if there is a correction to the trendline or support area.

Prediction: STRONG OIL

Resistance Levels

  • R1 82.00
  • R2 81.54
  • R3 81.00
  • R4 79.89

Support Levels

  • S1 79.89
  • S2 78.91
  • S3 80.52
  • S4 81.54
JustMarkets

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