Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Monday April 17, 2023.
April 17, 2023 5:24 am
After successfully breaks above the level of 82,35 and currently hold on the level 83,33, Crude Oil Commodity Asset now has the potential to corrected down below where its daily chart confirmed by the appearance of deviation between its price movement with MACD Histogram indicator. AS for level that will become a target to aim is for the level 77,35 as long on its way to this level doesn’t happen, #CL return to initial bias especially if the 83.33 level is successfully passed because if this level is successfully penetrated then the downward scenario that has been described will become invalid and cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
After successfully breaks above the level of 82,35 and currently hold on the level 83,33, Crude Oil Commodity Asset now has the potential to corrected down below where its daily chart confirmed by the appearance of deviation between its price movement with MACD Histogram indicator. AS for level that will become a target to aim is for the level 77,35 as long on its way to this level doesn’t happen, #CL return to initial bias especially if the 83.33 level is successfully passed because if this level is successfully penetrated then the downward scenario that has been described will become invalid and cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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