FX.co ★ Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Tuesday October 17, 2023.

With the appearance of deviations in Crude Oil price movements with the CCI indicator on the daily chart which also happened to have succeeded in breaking below the three main levels (100, 0, -100) on the daily chart as well as price movements which were below the WMA (30 shift 2) indicating that in In the next few days #CL has the potential to fall back down to level 81.51 as the main target and if the momentum and volatility are supportive enough then level 77.59 will be the next target to be aimed at provided that during its journey to these target levels there is no upward correction which exceeds the 89.58 level because if this level is successfully broken, the decline scenario that has been described previously will automatically cancel itself.

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