OIL Forex Analysis for Today – Wednesday (06-03-2024)

OIL Forex Analysis for Today – Wednesday (06-03-2024)

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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