FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Monday June 10 2024.

On the 4-hour chart of the Crude Oil commodity asset, it seems that sellers are still in control, which can be seen from the EMA 50 which is below the EMA 200, where the Death Cross condition gives an indication that the bias of #CL is still in a bearish condition, even though there is currently a strengthening correction, however with the appearance of deviations between price movements and the Stochastic Oscillator indicator, it confirms that in the near future as long as there is no strengthening correction that penetrates above level 76.24 then #CL has the potential to weaken again to level 75.20 as the main target and if momentum and volatility support it then it is not impossible level 73.61 will be the next target to aim for.

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