FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Tuesday February 11, 2025

Although the Crude Oil commodity instrument on the 4-hour chart is still under seller pressure, the appearance of the Bullish 123 pattern followed by the Bullish Ross Hook (RH), especially with the appearance of Divergence between the #CL price movement and the Stochastic Oscillator indicator, confirms that in the near future this commodity instrument has the potential to strengthen, where as long as there is no further weakening that breaks through and closes below the 70.63 level, it will make #CL appreciate and strengthen to the 72.97 level, even if the momentum and volatility of its strengthening support it, #CL has the potential to strengthen to the 73.50 level.

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