OIL forex analysis for today, Wednesday(24-04-2024)

OIL forex analysis for today, Wednesday(24-04-2024)

OIL forex analysis for today, Wednesday(24-04-2024)

Get ready for OIL Hunting Buy! Resistance Penetrated Daily Analysis CLSK Market Reacts to US Manufacturing Data Crude oil prices lifted as the market sees that declining US manufacturing activity could strengthen the Fed’s rationale for cutting interest rates. Lower loan rates typically stimulate the economy including the industry and in turn will increase crude oil demand. Penetrated Resistance Becomes Support The price broke above the intraday resistance area, where the resistance now becomes a support area. Buying opportunities can be sought if a correction to that support area occurs. Prediction: STRONG OIL


  • R1 83.09
  • R2 82.50
  • R3 83.90
  • R4 85.28


  • S1 80.50
  • S2 83.09
  • S3 79.60
  • S4 78.25

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.

 forex analysis | gbpjpy forecast | eur chf forecast | gbp usd forecast | best forex prediction site | top down analysis forex | gbp usd forecast | xau usd forecast

Leave a Reply

Your email address will not be published. Required fields are marked *