Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Thursday April 27, 2023.
April 27, 2023 8:24 am
On the daily chart of the Crude Oil commodity asset, it can be seen that the MACD indicator is in a Speculative SELL condition and supported by the appearance of the Bearish 123 pattern, then the probability of #CL in the next few days will move down to the level of 71.28 unless on the way down CL experiences an upward correction until break above the 79.17 level, so the downside scenario described earlier will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart of the Crude Oil commodity asset, it can be seen that the MACD indicator is in a Speculative SELL condition and supported by the appearance of the Bearish 123 pattern, then the probability of #CL in the next few days will move down to the level of 71.28 unless on the way down CL experiences an upward correction until break above the 79.17 level, so the downside scenario described earlier will become invalid and cancel automatically.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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