OIL Forex Analysis for Today, Tuesday(02-04-2024)

OIL Forex Analysis for Today, Tuesday(02-04-2024)

OIL Forex Analysis for Today, Tuesday(02-04-2024)

Oil Still Offers Buying Opportunities! Price Has Broken the Resistance Area

Daily Analysis CLSK

Oil Prices Strengthen

Expectations of supply tightening due to OPEC+ production cuts, attacks on Russian refineries, and optimistic Chinese manufacturing data support increased demand in the second quarter of 2024.

Resistance Area Breakout

Oil is likely to continue its uptrend and is supported by the fact that the price has already broken the resistance area. Buying opportunities can be sought as long as the price does not penetrate the support area.

Prediction: STRONG OIL


  • R1 83.10
  • R2 82.00
  • R3 83.55
  • R4 84.10


  • S1 82.00
  • S2 83.10
  • S3 81.50
  • S4 80.90

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