OIL Forex Analysis for Today – Wednesday (06-03-2024)
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Prepare to BUY CLSK, Correction Touches Support Area
Daily CLSK Analysis
OPEC+ Production Cut Fails to Capture Market Interest
Crude oil prices corrected yesterday. The decision of OPEC+ to extend production cuts failed to capture market interest. Meanwhile, China targets a 5 percent economic growth this year.
Monitor the Support Area for Buy Opportunities
Crude oil prices corrected towards the support area. Look for buy opportunities in that support zone.
Prediction: STRONG OIL
Resistance Levels
- R1: 77.20
- R2: 75.27
- R3: 78.78
- R4: 79.59
Support Levels
- S1: 75.27
- S2: 77.20
- S3: 74.27
- S4: 72.87
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