#CL / Oil / OILUSD. Hello. Oil finished the current week with a bullish candle, so I continue to look north globally, but in the local perspective, I expect further downward movement. Technically, on the hourly chart, the indicators remain for a continuation of the decline, the pair worked out a sell signal on Friday within the day and closed the week within the correction range. So on Monday, I will be watching for a continuation of the move to the south, with the next target at 97.00-98.00. Moreover, there was a close below the extreme Bollinger Band, and the pair decided not to leave debts immediately, which also hints at a possible continuation of the decline. On the 4-hour chart, the indicators still point north, but at the closing, the pair entered the bearish zone of the Bollinger Band channel. If there is a confirmation here, we will see a downward movement in the medium term, but for now, I am only considering local decline.
