Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday April 17, 2024.
April 17, 2024 4:25 am
With the existence of Crude Oil commodity price movements in the Equisidant Channel which have a downward slope and the appearance of hidden deviations on the 4-hour chart, #CL in the near future has the potential to fall to test level 84.73. If this level is successfully broken downwards then level 84.07 will be the target The main thing he will aim for and if the momentum and volatility are supportive then level 82.61 will be the next target but all of these weakening scenarios will automatically cancel if #CL suddenly strengthens again until it breaks above level 87.63.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the existence of Crude Oil commodity price movements in the Equisidant Channel which have a downward slope and the appearance of hidden deviations on the 4-hour chart, #CL in the near future has the potential to fall to test level 84.73. If this level is successfully broken downwards then level 84.07 will be the target The main thing he will aim for and if the momentum and volatility are supportive then level 82.61 will be the next target but all of these weakening scenarios will automatically cancel if #CL suddenly strengthens again until it breaks above level 87.63.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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