OIL forex analysis for today, Tuesday(04-06-2024)

OIL forex analysis for today, Tuesday(04-06-2024)

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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