Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Monday October 23, 2023.
October 23, 2023 6:21 am
If we look at the daily chart, the Crude Oil commodity asset is currently seen moving upwards towards level 93.63, especially if it succeeds in breaking above level 90.86, where this is confirmed by the #CL price movement which is above Kumo and the appearance of the Bullish 123 pattern which is followed by the Bullish Ross Hook. However, currently is corrected, which is also confirmed by Tenkan Sen cutting down Kinjun Sen. However, this Death Cross is still occurring above Kumo, so this indicates that this weakening is only a retrace, unless the weakening manages to breaks below the 83.35 level, then the strengthening scenario has been established. as previously described will be canceled automatically
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the daily chart, the Crude Oil commodity asset is currently seen moving upwards towards level 93.63, especially if it succeeds in breaking above level 90.86, where this is confirmed by the #CL price movement which is above Kumo and the appearance of the Bullish 123 pattern which is followed by the Bullish Ross Hook. However, currently is corrected, which is also confirmed by Tenkan Sen cutting down Kinjun Sen. However, this Death Cross is still occurring above Kumo, so this indicates that this weakening is only a retrace, unless the weakening manages to breaks below the 83.35 level, then the strengthening scenario has been established. as previously described will be canceled automatically
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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