Although on the daily chart the CCI indicator of Crude Oil Commodity Asset managed to break from the lower level upwards starting from -100, 0, & 100 which indicates that the upward rally is valid but after successfully breaking the 75.03 level now #CL will be withdrawn for a downward correction first in order to gain momentum to rise above again where the level area is 72.61 - 71.52 will be the main target to aim for and the 69.94 level will be the second target but if on the way to the target level earlier suddenly #CL again rallied up and back past the last Ross Hook (RH) level, namely at the 77.21 level then this will cancel the scenario the downward correction described earlier.
(Disclaimer)
