FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Tuesday 08 April 2025.

With the appearance of Convergence between the daily price movement of the Crude Oil commodity instrument and the Stochastic Oscillator indicator, it confirms that in the next few days the bias of #CL is still under pressure and weakening, where this is also confirmed by the retention of the #CL price movement at the Vacuum Block area level and its price movement which is still moving below the EMA (200) even though there is a potential for a strengthening correction to the level of 67.07, but as long as it does not break through and close above 72.26, #CL will weaken again to the level of 55.34 and 50.71 if the momentum of weakening and volatility support it.

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