OIL Forex Analysis for Today – Friday(23-02-2024)
Prepare to SELL OIL: Re-testing Resistance
Daily Analysis CLSK
Middle East Situation Still Uncertain
Crude oil prices strengthened yesterday as the market observed signs of tightening global markets and the uncertain geopolitical situation in the Middle East. A new correction occurred before the closing of the New York session.
Re-testing Resistance
Crude oil prices still tend to move sideways, approaching resistance again, opening up opportunities to look for sell signals. Pay attention to that resistance area to confirm sell signals.
Prediction: WEAK OIL
Resistance
- R1 79.55
- R2 78.50
- R3 80.22
- R4 80.85
Support
- S1 78.50
- S2 79.55
- S3 78.23
- S4 77.26
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.