OIL Forex Analysis for Today, Wednesday (12-06-2024)

OIL Forex Analysis for Today, Wednesday (12-06-2024)

OIL Forex Analysis for Today, Wednesday (12-06-2024)

OIL Still BUY if Resistance Breaks

CLSK Analysis

OPEC Projects Stable Economic Growth

Crude oil prices remain stable as OPEC maintains its forecast for high demand, relying on projections of stable economic growth this year.

Buy if Resistance Breaks

Crude oil prices are still testing the resistance area. Buy opportunities can be taken if a breakout occurs above this resistance area.

Forecast: STRONG OIL

Resistance Levels

  • R1 79.05
  • R2 76.90
  • R3 79.85
  • R4 80.85

Support Levels

  • S1 75.50
  • S2 76.90
  • S3 74.05
  • S4 72.95

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