OIL Forex Analysis – Monday (04-03-2024)

OIL Forex Analysis – Monday (04-03-2024)

OIL Forex Analysis for Today – Monday (04-03-2024)

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Crude Oil Strengthens: Look for Buy Opportunities in Support Area

Daily Analysis CLSK

OPEC+ to Continue Production Cuts

Crude oil prices continue to strengthen, reaching the $80 USD per barrel mark for the first time in almost four months. OPEC+ is expected to extend the production cut program.

Monitor the Support Area for Buy Opportunities

Crude oil prices have strengthened significantly. Look for buy opportunities in case of a correction to the support area.

Prediction: STRONG OIL

Resistance Levels

  • R1: 77.20
  • R2: 75.27
  • R3: 78.78
  • R4: 79.59

Support Levels

  • S1: 75.27
  • S2: 77.20
  • S3: 74.27
  • S4: 72.87

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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