OIL Forex Analysis for Today, Tuesday (27-02-2024)

OIL Forex Analysis for Today, Tuesday (27-02-2024)

OIL Forex Analysis for Today, Tuesday (27-02-2024)

Crude Oil Rises Over $1, Watch for BUY Opportunities in Correction Area

Daily CLSK Analysis

Fed Influences Weakening of Crude Oil

Oil prices rose by more than $1 amid potential delivery disruptions, especially due to limited European diesel demand due to Russian sanctions. WTI rose to $77.58 per barrel. The Houthi rebellion in Yemen and Iran also raised concerns about supply.

Rebound Leaves Strong Support

Crude oil prices still tend to move sideways, appearing to move in a consistent ranging area between 75.00 – 79.00. Watch for correction opportunities in Oil today to confirm buy signals.

Prediction: STRONG OIL


  • R1 76.85
  • R2 75.35
  • R3 78.60
  • R4 79.30


  • S1 75.35
  • S2 75.90
  • S3 74.92
  • S4 74.23

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