OIL SELL Potential: Pullback to BoS Area
CLSK Analysis
OPEC+ Production Expected to Rise
Crude oil prices remain under pressure as the market anticipates an increase in production from OPEC+ in October, amidst declining demand from China and the United States, the world’s largest oil consumers.
Pullback to BoS Area
A pullback has occurred to the resistance area, which marks a break of structure (BoS) on the H1 time frame. Selling opportunities may be explored in this BoS area.
Prediction: WEAK OIL
Resistance Levels
- R1 77.50
- R2 77.00
- R3 76.50
- R4 76.00
Support Levels
- S1 74.75
- S2 72.92
- S3 71.97
- S4 71.00
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