OIL Forex Analysis for Today, Wednesday(10-07-2024)

OIL Forex Analysis for Today, Wednesday(10-07-2024)

OIL Forex Analysis for Today, Wednesday(10-07-2024)

Check SELL Opportunity for OIL! Double Top Formed

CLSK Analysis

Production Infrastructure Safe from Storm

Crude oil prices have been under pressure for the past three days. Oil refinery infrastructure managed to avoid significant damage from tropical storm Beryl, so production was not significantly disrupted.

Double Top Pattern

The double top pattern is confirmed in the H1 time frame. Sell opportunities can be taken again if a pullback to the baseline area occurs.

Prediction: WEAK OIL

Resistance

  • R1 84.00
  • R2 82.00
  • R3 80.00
  • R4 78.00

Support

  • S1 84.56
  • S2 80.48
  • S3 78.92
  • S4 77.39
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Disclaimer: This publication of analysis is a form of marketing communication and does not represent any research or investment advice whatsoever. The content contained therein reflects the general views of our experts and is not related to the personal conditions, investment experiences, or financial situations of the readers. This analysis is also not intended to promote any independent investment body, and Exness is not obliged to prohibit any transactions before the release of the analysis. Readers should be cautious about the potential for losses that may occur. Exness South africa is not responsible for any losses that may arise from the use of this analysis.


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