FX.co ★ CL/Crude Oil

#CL / Oil / OILUSD Hello traders! Good morning! Oil prices don't seem to want to pull back, they are sailing higher at full speed. It's frustrating because I wanted to leave one order below, but I decided too early. It turns out that it's already time for northern latitudes. But honestly, I am still expecting another move downwards because it seems too early to reach high numbers. Iran is still resisting, and the situation with Venezuela is not entirely clear yet. So, we might see another move downwards, but most likely not down to 55.00. This level seems unattainable now. Looking at the intraday levels, in order to start a correction, we need to drop below the level of 60.10. This will trigger a move down not only on the hourly chart but also on the 30-minute chart. To continue the upward trend, we need to update the upper level to 61.40, which could potentially push us towards 62.00. We are very close to that point.