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

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Your email address will not be published.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 *