OIL Forex Analysis for Today, Tuesday (02-07-2024)

OIL Forex Analysis for Today, Tuesday (02-07-2024)

OIL Forex Analysis for Today, Tuesday (02-07-2024)

Look for BUY Opportunities in OIL Again, Still Moving Above Trendline

Analysis CLSK

Prices Rise Ahead of US Independence Day Holiday

Crude oil prices rose ahead of the holiday related to the United States Independence Day celebrations, after previously rising due to increased geopolitical tensions in the Middle East.

Monitor Trendline Area

Prices are still moving above the ascending trendline visible on the H1 time frame. Buying opportunities can be considered if a correction occurs to the trendline area.

Prediction: Strong OIL


  • R1 80.74
  • R2 83.00
  • R3 84.00
  • R4 84.95


  • S1 80.74
  • S2 81.00
  • S3 81.98
  • S4 83.00

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