OIL Forex Analysis for Today, Thursday(28-03-2024)
Check Buying Opportunities in Oil! Potential Descending Triangle Pattern
Daily Analysis CLSK
Increasing Oil Prices
Increased geopolitical uncertainty due to the ongoing Israel-Gaza conflict is also expected to maintain oil prices.
Descending Triangle Pattern
Oil has the potential to continue its uptrend and confirmed the formation of a descending triangle pattern on the H4 time frame. Look for buying opportunities as long as the price does not penetrate the support area.
Prediction: STRONG OIL
Resistance
- R1 82.35
- R2 81.35
- R3 82.85
- R4 83.35
Support
- S1 81.35
- S2 82.35
- S3 80.85
- S4 80.35
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