FX.co ★ Technical Analysis of Daily Price Movement of Crude Oil Commodity Aset, Monday May 29, 2023.

If we look on the daily chart of Crude Oil commodity asset on its daily chart, then there will be two important things such as :

1. The Appearance of Bullish 123 Pattern followed by Ross Hook (RH).

2. There is a deviation between price movement with indicator MACD.

So, based on two things above, then as long as there is no downward correction which going down below the 69.40 level, then #CL has the potential to appreciate the rally going up where the 74.72 level will try to be tested to be penetrated upwards and if it is successfully broken then #CL will try to go to the 75.81-79.77 area.

(Disclaimer)