OIL Forex Analysis for Today, Tuesday(20-02-2024)

OIL Forex Analysis for Today, Tuesday(20-02-2024)

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


  • R1 77.52
  • R2 75.35
  • R3 78.48
  • R4 79.28


  • S1 75.35
  • S2 77.52
  • S3 74.36
  • S4 73.20

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