OIL Forex Analysis for Today – Monday(11-03-2024)
Seeking SELL Opportunities for OIL: Monitor Support Breakthrough
Daily CLSK Analysis
Crude Oil Under Pressure
Crude oil prices closed lower last week due to reduced demand from China, while according to the International Energy Agency, the supply remains plentiful.
Wait for Support Breakthrough
Crude oil prices are held within the support area. A breakthrough of support will increase selling opportunities.
Prediction: WEAK OIL
Resistance
- R1 78.79
- R2 79.60
- R3 79.61
- R4 80.82
Support
- S1 77.04
- S2 78.79
- S3 76.19
- S4 75.49
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