OIL Forex Analysis for Today
SELL Opportunities for OIL: Symmetrical Triangle Confirmed
CLSK Analysis
China’s Economy Remains in Focus
The potential slowdown of China’s economy remains a market focus. The possibility of an economic slowdown in China, one of the largest crude oil consumers, raises concerns about a decline in demand.
Symmetrical Triangle Confirmed
A symmetrical triangle pattern is visible on the H1 time frame. Look for sell opportunities during a pullback to the lower line area.
Prediction: WEAK OIL
Resistance
- R1: 79.00
- R2: 78.00
- R3: 77.00
- R4: 76.00
Support
- S1: 77.80
- S2: 75.56
- S3: 74.34
- S4: 73.14
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.