Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Tuesday August 08 2023.
August 8, 2023 6:21 am
If we look at the daily chart of the Crude Oil commodity asset, it can be seen that the price movement is moving above WMA 20 and the CCI indicator has broken above its three main levels (-100, 0, & 100) , so based on these facts there is a chance for #CL to continue strengthening up to 83.52 -85.15 is quite big except if on the way to that level area, a correction suddenly occurs to fall below the 73.81 level, then the strengthening will be hampered for the next few days.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
If we look at the daily chart of the Crude Oil commodity asset, it can be seen that the price movement is moving above WMA 20 and the CCI indicator has broken above its three main levels (-100, 0, & 100) , so based on these facts there is a chance for #CL to continue strengthening up to 83.52 -85.15 is quite big except if on the way to that level area, a correction suddenly occurs to fall below the 73.81 level, then the strengthening will be hampered for the next few days.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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