empty
 
 
07.11.2024 07:38 AM
Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Thursday November 07, 2024.

This image is no longer relevant

Crude Oil on its 4-hour chart appears to be getting a strengthening correction where the increase seems to be starting to slow down even though it is still moving above its WMA (21), but with the appearance of a deviation between the #CL price movement and the Awesome Oscillator indicator, especially now that it is at the Bearish Fair Value Gap level, as long as this strengthening correction does not penetrate and close above the 74.19 level, then #CL has the potential to fall back down to the 68.97 level and if the momentum and volatility support it, 66.31 will be the next target to be aimed for.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback