OIL Forex Analysis for Today – Tuesday (05-03-2024)

OIL Forex Analysis for Today – Tuesday (05-03-2024)

OIL Forex Analysis for Today – Tuesday (05-03-2024)

Explore more on Online Forex Africa

Seek Buy Opportunities in CLSK, Correction Approaching Support Zone

Daily CLSK Analysis

Oil Corrects Despite Continued Tensions in the Middle East

Crude oil prices corrected by more than 1 percent yesterday despite ongoing tensions in the Middle East and the Red Sea region, while OPEC+ extended production cuts.

Monitor the Support Zone for Buy Opportunities

Crude oil prices corrected towards the support area. Look for buy opportunities in that support zone.

Prediction: STRONG OIL

Resistance Levels

  • R1: 77.20
  • R2: 75.27
  • R3: 78.78
  • R4: 79.59

Support Levels

  • S1: 75.27
  • S2: 77.20
  • S3: 74.27
  • S4: 72.87

Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. XM broker south africa is not responsible for any losses that may arise from the use of this analysis.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *