Technical Analysis of Daily Price Movement Crude Oil Commodity Asset, Thursday May 04, 2023.
May 4, 2023 6:22 am
With the appearance of deviations between price movements and the MACD indicator on Crude Oil Commodity assets the daily chart after #CL tested the Break low level support level 64.12, then in the next few days #CL has the potential to rally upwards to test the 70.31 level. If this level is successfully broken and even has the potential to continue the rally up to the level of 74.14 but all scenarios for this rally will become invalid if on the way to the target levels suddenly #CL reverses, corrects down below the level of 63.69.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of deviations between price movements and the MACD indicator on Crude Oil Commodity assets the daily chart after #CL tested the Break low level support level 64.12, then in the next few days #CL has the potential to rally upwards to test the 70.31 level. If this level is successfully broken and even has the potential to continue the rally up to the level of 74.14 but all scenarios for this rally will become invalid if on the way to the target levels suddenly #CL reverses, corrects down below the level of 63.69.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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