OIL Forex Analysis for Today, Wednesday (26-06-2024)

OIL Forex Analysis for Today, Wednesday (26-06-2024)

OIL Forex Analysis for Today, Wednesday (26-06-2024)

OIL SELL Opportunity: Potential Triple Top Pattern

CLSK Analysis

Oil Rally Held Back

The crude oil price rally has stalled as most fund managers liquidate their positions, significantly reducing bullish momentum. Additionally, the strengthening USD also affects the oil rally.

Potential Triple Top

The rise in crude oil prices is held at the resistance area and potentially forms a triple top pattern on the H1 time frame. SELL opportunities can be taken if this pattern is confirmed by a break below support.

Prediction: WEAK OIL


  • R1 83.00
  • R2 82.05
  • R3 81.00
  • R4 80.72


  • S1 82.05
  • S2 79.00
  • S3 78.00
  • S4 77.00

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