FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset,Monday May 20, 2024.

With the appearance of deviations between price movements and the Stochastic Oscillator indicator on the 4-hour chart, the Crude Oil commodity asset gives an indication that in the near future, as long as there is no significant weakening that breaks below level 76.92 #CL has the potential to appreciate upwards to test level 79.43. If this level is successful broken above, then the next level to be aimed at is 81.60 and if the momentum and volatility are supportive, then the level 83.25 will be the next target to be aimed at.

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