FX.co ★ Technical Analysis of Intraday Movement of Crude Oil Commodity Asset, Thursday January 12, 2023.

On the 4 hour chart Crude oil commmodity asset appears that price movement is stuck in the Daily Bearish Fair Value Gap area and also confirmed by the appearance of hidden deviations between price movements with the Awesome Oscillator indicator as well as the formation of the Ascending Broadening Wedge pattern, it is inevitable in the near future as long as there is no significant upward correction that breaks above the 79.68 level, it is certain that Crude Oil has the potential to depreciate down to the 74.30 level as the main target and the 73.25 level as the second target.

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