FX.co ★ CL/Crude Oil

#CL / Oil / OILUSD. Hello. Oil started this week almost without surprises, except for a few price gap points. Currently, the pair has approached the resistance zone for a test, if it is still in play. On the hourly chart, indicators have shown a new buy signal intraday, but it has not been activated yet. There is a possibility of a move to the north towards 92.00-93.00. The Bollinger Band is still expanding, indicating a likelihood of the current upward momentum continuing. However, one of the lagging indicators has stopped supporting the bullish bias, although it could simply be weakening. The 4-hour chart presents a more interesting picture: here, indicators continue to point south, but the pair has now tested the middle Bollinger Band from below, which will more accurately show the further bias depending on a breakout or bounce. The possibilities are equal, I won't guess, I will wait for the test result, and then it will be clear.