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FX.co ★ Technical Analysis of Intraday Price Movement of XPD/USD Commodity Instrument, Tuesday February 18, 2025.

Technical Analysis of Intraday Price Movement of XPD/USD Commodity Instrument, Tuesday February 18, 2025.

Technical Analysis of Intraday Price Movement of XPD/USD Commodity Instrument, Tuesday February 18, 2025.

With the condition of the Stochastic Oscillator indicator which is still Crossing SELL and also confirmed by the movement of the XPD / USD price below EMA 21 which indicates that in the near future XPD / USD has the potential to weaken where the level of 964.33 will be tested, breaksand close below it. If successful then XPD / USD has the potential to continue its weakening to the level of 941.35 and if the volatility and momentum of its weakening support then 923.27 will be the next target to be targeted, but if on its way to the previously described target levels suddenly XPD / USD turns stronger and breaks and closes above the level of 1017.95 then all the previously described weakening scenarios will be invalid and automatically canceled by themselves.

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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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