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FX.co ★ Technical Analysis or Daily Price Movement of Crude Oil Commodity Asset, Monday, April 3 2023.

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Forex Analysis:::2023-04-03T05:46:59

Technical Analysis or Daily Price Movement of Crude Oil Commodity Asset, Monday, April 3 2023.

Technical Analysis or Daily Price Movement of Crude Oil Commodity Asset, Monday, April 3 2023.

On the daily chart of Crude Oil Commodity Asset there is a few interesting facts as follows:

1. The Appearance of Candlestick Bearish Pinbar.

2. Stochastic Oscillator Indicator above the Overbought level (80).

Based on two things above then in a few days ahead #CL has the potential to corrected downside to test the level of 77,95 as the main target however during the downward correction does not exceed the level of 69.12, then #CL still has the potential to appreciate upwards again.

(Disclaimer)

Analyst InstaForex
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