OIL Forex Analysis – Friday (09-02-2024)

OIL Forex Analysis – Friday (09-02-2024)

OIL Forex Analysis for Today

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Stalled at Resistance, Seize the Opportunity to SELL OIL!

Daily Analysis CLSK

Tensions in the Middle East Still Drive Prices

The price of crude oil has risen in the past four days due to increased tensions in the Middle East following the rejection of a ceasefire offer by Israel submitted by Hamas.

Stalled at Resistance

A pullback has occurred, and the price is stalled in the resistance area. Monitor the resistance area for confirmation of sell signals.

Prediction: WEAK OIL

Resistance

  • R1 78.20
  • R2 75.86
  • R3 78.12
  • R4 80.63

Support

  • S1 75.86
  • S2 78.20
  • S3 75.24
  • S4 73.34
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