FX.co ★ Technical Analysis of Intraday Price Movement of Natural Crude Oil Commodity Instrument, Tuesday February 25, 2025.

If we look at the 4-hour chart, the Crude Oil commodity instrument appears to be trying to rise to test the 71.75 level, but as long as the strengthening does not breaks and close above the 72.39 level, #NG will weaken again, which is confirmed by the appearance of Convergence between the #CL price movement and the Stochastic Oscillator indicator which is also at the Overbought area level, so there is potential for #CL to weaken again to the 70.47 level and if the volatility and momentum of the weakening support it, 69.68 will be the next target to be aimed for.

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