Technical Analysis of Daily Price Movement of Crude Oil Commodity Asset, Wednesday, June 07 2023.
June 7, 2023 5:23 am
On the daily chart, the Crude Oil commodity asset appears to be still in a Bearish bias where this is indicated by the intersection of the 54 EMA and the 200 EMA “Death Cross” so that in the next few days #CL has the potential to test below the 69.68 level. If this level is successfully broken down and as long as there is no upward correction beyond the level of 75.03, then crude oil will head to the level of 67.04 as the main target and the level of 63.69 as the next target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the daily chart, the Crude Oil commodity asset appears to be still in a Bearish bias where this is indicated by the intersection of the 54 EMA and the 200 EMA “Death Cross” so that in the next few days #CL has the potential to test below the 69.68 level. If this level is successfully broken down and as long as there is no upward correction beyond the level of 75.03, then crude oil will head to the level of 67.04 as the main target and the level of 63.69 as the next target.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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