OIL Forex Analysis for Today, Thursday(04-04-2024)
Oil Still Can Seek Buying Opportunities! Price Still Moving Above Trendline Support
Daily Analysis CLSK
Strength in Oil Prices
The recovery in China’s manufacturing sector indicates the potential for increased oil demand, providing optimism for the second quarter of this year.
Price Moving Above Trendline
Oil has the potential to continue its upward trend, supported by the current price still above the trendline on the H1 timeframe. Buying opportunities can be sought as long as the price does not penetrate the support area.
Prediction: STRONG OIL
Resistance
- R1 85.28
- R2 84.42
- R3 85.70
- R4 86.27
Support
- S1 84.42
- S2 85.28
- S3 84.00
- S4 83.58
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