07.11.202407:38 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Thursday November 07, 2024.

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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.

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