OIL Forex Analysis – Monday (12-02-2024)

OIL Forex Analysis – Monday (12-02-2024)

OIL Forex Analysis for Today – Monday (12-02-2024)

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Above the Trendline Movement: Seeking BUY Opportunities for OIL

Daily Analysis on CLSK

Israel Bombs Gaza

Crude oil prices rise again after fading hopes of a ceasefire between Hamas and Israel. Meanwhile, Israel launches an attack on Gaza by dropping bombs in the southern Rafah area.

Moving Above the Trendline

Crude oil prices are observed to be moving above the upward trendline on the H1 time frame. Corrections to the support area or trendline can be utilized to confirm buy signals.

Prediction: STRONG OIL


  • R1 75.88
  • R2 73.40
  • R3 76.40
  • R4 78.00


  • S1 73.40
  • S2 75.88
  • S3 72.76
  • S4 71.44

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