FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday August 28, 2024.

With the appearance of deviations between the price movement of Crude Oil commodity assets with the Awesome Oscillator indicator and its price movement which is above the MA 50 on the 4-hour chart, it gives an indication that in the near future #CL has the potential to strengthen upwards where the level of 77.57 will try to be tested and broken upwards if successful and supported by good strengthening momentum and volatility, it is not impossible for #CL to continue its strengthening to the level of 80.14, but all of these strengthening scenarios will be invalid and canceled by themselves if in the process of strengthening there is suddenly a weakening correction that break below the level of 74.50.

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