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FX.co ★ Technical Analysis of Weekly Price Movement of Crude Oil Commodity Asset, Tuesday September 12 2023.

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Forex Analysis:::2023-09-12T05:25:40

Technical Analysis of Weekly Price Movement of Crude Oil Commodity Asset, Tuesday September 12 2023.

Technical Analysis of Weekly Price Movement of Crude Oil Commodity Asset, Tuesday September 12 2023.

If we look at the weekly chart of the Crude Oil commodity asset, it is clear that buyers still dominate this commodity asset, which can be seen from the CCI indicator which has deviations from price movements and at the same time the price movement is in the discount area, so even though there is the potential for a correction to the support level Bullish Orderblock is at level 82.46, but as long as the downward correction does not exceed or closes below level 79.43, in the next few weeks it has the potential to appreciate upwards to level 92.19 as the main target and level 96.44 as the second target.

(Disclaimer)

Analyst InstaForex
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