14.04.202507:19 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday April 24, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On the 4-hour chart of the Crude Oil commodity instrument, the Inverted Head & Shoulders pattern and Bullish Pattern 123 and Divergence between the #CL price movement and the Stochastic Oscillator indicator, plus the #CL price movement is moving above the EMA (21), so based on these facts, in the near future #CL has the potential to strengthen so that the 63.32 level will be tested in the near future if this level is successfully broken and closes above it, then #CL will continue to strengthen to the 66.13 level and if the volatility and momentum of the strengthening support it, then #CL will continue to strengthen again to the 68.96 level, but if on its way to these targets there is suddenly a significant weakening correction, especially if the 55.12 level is successfully broken and closes below that level, then all the strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.