FX.co ★ echnical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Monday August 28 2023.

With the appearance of the deviation between the price movement with CCI Histogram indicator and the appearance of Bearish 123 pattern followed by the appearance of Ross Hook (RH) as well as the price movement below the WMA (20) on Crude Oil commodity daily chart, then in a few days ahead #CL has the potential to depreciated down to the weakness up to the level 77,59. If this level successfully broken, then #CL has the potential to continue its weakness up to the level 73,84, but if on the way down suddenly there is an upward rally correction broken upside the level 82,46, then all the downward scenario described before will be invalid and cancel by itself.

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