OIL Forex Analysis for Today, Tuesday(26-03-2024)
Prepare for Buying Opportunities in Oil! Potential for Rally Base Rally Movement
Daily Analysis CLSK
Oil Strengthens Further
Strength is occurring amid concerns about tighter global supply due to escalating conflicts in the Middle East and Russia – Ukraine, while the decrease in the number of US oil rigs adds upward pressure on prices.
Potential Rally Base Rally
Oil has the potential to move rally base rally on the H1 time frame. Look for buying opportunities as long as the price does not penetrate the support area.
Prediction: STRONG OIL
Resistance
- R1 82.45
- R2 81.61
- R3 82.84
- R4 83.28
Support
- S1 81.61
- S2 82.45
- S3 81.21
- S4 80.80
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