OIL Forex Analysis for Today, Tuesday (25-06-2024)

OIL Forex Analysis for Today, Tuesday (25-06-2024)

OIL Forex Analysis for Today, Tuesday (25-06-2024)

OIL Held at Resistance, Monitor for SELL Opportunities

CLSK Analysis

Middle East Geopolitical Crisis Under Watch

Mutual threats between Israel and Lebanon’s Hezbollah group caused oil prices to rise yesterday due to supply disruption concerns. On the other hand, the market is also awaiting the latest US economic data updates that could make the Fed keep interest rates high for a while, thus limiting USD weakness.

Held at Resistance

The rise in crude oil prices is held at the resistance area. SELL opportunities can be taken if there is a confirmed sell signal before the resistance area breaks.

Prediction: WEAK OIL


  • R1 83.00
  • R2 81.81
  • R3 82.50
  • R4 81.85


  • S1 82.81
  • S2 80.93
  • S3 80.30
  • S4 79.63

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Your email address will not be published.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 *