Breaking the Trendline, OIL Potential BUY
CLSK Analysis
OPEC+ Expected to Extend Production Cuts
OPEC+ will hold a meeting on June 2 to review production cut policies. Three OPEC+ sources told Reuters that it is highly likely the policy will be extended.
Down Trendline Broken
The down trendline visible on the H1 time frame has been broken. A pullback often occurs to the trendline area after a break, which can be used to look for confirmation of a buy signal.
Forecast: STRONG OIL
Resistance Levels:
- R1: 78.00
- R2: 77.40
- R3: 78.26
- R4: 78.80
Support Levels:
- S1: 77.40
- S2: 78.00
- S3: 77.12
- S4: 76.81

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