FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Monday December 18 ,2023.

If we look at the 4-hour chart of the Crude Oil commodity asset, we can see deviations between price movements and the Awesome Oscillator indicator, followed by the appearance of Wiseman 1 (Bullish Divergent Candle) followed by the SAO signal (Wiseman.2) and now #CL is trying to trigger Wiseman 3 (Fractal) signal at level 72.44 if this level is successfully penetrated upwards and as long as there is no downward correction which penetrates below level 69.77 then #CL has the potential to continue its strengthening up to level 73.79 as its first target and if the momentum and volatility are sufficient to support then the level 75.10 will be the next target to aim for.

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