OIL Still Above Trendline, Look for BUY Opportunities
Daily Analysis CLSK
Low Trading Volume
Oil prices were slightly pressured yesterday as the market continued to digest comments from Fed officials hinting at the possibility of delaying interest rate cuts. Trading volume was also low due to the national holiday in the United States.
Still Above Trendline
Crude oil prices are still moving above the upward trendline. Buying opportunities can be sought if there is a correction to the support area or trendline seen in the H1 time frame.
Prediction: STRONG OIL
Resistance
- R1 77.52
- R2 75.35
- R3 78.48
- R4 79.28
Support
- S1 75.35
- S2 77.52
- S3 74.36
- S4 73.20
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