OIL Forex Analysis for Today, Thursday (22-02-2024)
Approaching Resistance, Prepare to SELL OIL
Daily CLSK Analysis
Crude Oil Affected by Fed
Crude oil prices strengthened last night as Fed officials indicated that the likely peak of interest rate hikes has been reached.
Approaching Resistance
Crude oil prices tend to move sideways but are close to resistance, providing an opportunity to look for sell signals. Monitor the resistance area for confirmation of sell signals.
Prediction: WEAK OIL
Resistance
- R1 79.55
- R2 78.50
- R3 80.22
- R4 80.85
Support
- S1 78.50
- S2 79.55
- S3 78.23
- S4 77.26
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