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