OIL Forex Analysis for Today, Thursday (27-06-2024)

OIL Forex Analysis for Today, Thursday (27-06-2024)

OIL Forex Analysis for Today, Thursday (27-06-2024)

SELL OIL: Monitor Potential Support Break

CLSK Analysis

US Oil Reserves Increase

The rally in oil prices stalled again following data showing an increase in US oil reserves of 3.591 million barrels last week.

Monitor Support Area

Prices are still moving in the support area. SELL opportunities can be considered if a break below this support area occurs.

Prediction: WEAK OIL

Resistance

  • R1 82.05
  • R2 81.00
  • R3 80.63
  • R4 80.15

Support

  • S1 82.05
  • S2 79.00
  • S3 78.00
  • S4 77.00
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