OIL Forex Analysis for Today, Wednesday(21-02-2024)

OIL Forex Analysis for Today, Wednesday(21-02-2024)

Prepare to BUY OIL: Still Stalled at Support

Daily Analysis CLSK

Correction Related to Profit Taking

Crude oil prices corrected yesterday after reaching a three-month high last week. Analysts estimate that this correction is partly due to profit-taking after the recent rally.

Still Stalled at Support

Crude oil prices successfully broke through the upward trendline but are still stalled in the support area. Buying opportunities can be explored as long as there is no valid breakthrough below the support area seen in the H1 time frame.

Prediction: STRONG OIL


  • R1 77.52
  • R2 76.68
  • R3 77.94
  • R4 78.51


  • S1 76.68
  • S2 77.52
  • S3 76.24
  • S4 75.86

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