OIL Forex Analysis for Today
OIL Still Has SELL Opportunity, Still in Resistance Area
CLSK Analysis
China’s Economic Slowdown Pressures Demand
Crude oil prices are under pressure due to China’s slowing economy and hopes for a ceasefire in the Middle East.
Break of Structure
A pullback occurred to the resistance area marking a break of structure. This area can be used as a reference to look for sell signal confirmation.
Prediction: WEAK OIL
Resistance
- R1: 82.00
- R2: 80.00
- R3: 78.00
- R4: 76.00
Support
- S1: 78.84
- S2: 76.25
- S3: 74.88
- S4: 73.56
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