Chase the SELL Opportunity for OIL! OPEC Plans to End Production Cuts
Analyze CLSK
OPEC+ Plans to End Production Cuts
Crude oil prices dropped more than 3 percent following news that OPEC+ plans to halt production cuts starting in October, potentially flooding the market with an additional 500,000 barrels per day by December.
Sell on Support Break
Crude oil prices continue to weaken. Look for selling opportunities if there is a breakout below the current support area.
Prediction: WEAK OIL
- Resistance
- R1 75.00
- R2 73.35
- R3 75.51
- R4 76.08
- Support
- S1 73.35
- S2 75.00
- S3 72.79
- S4 71.99
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