25.11.202409:03 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Monday November 25, 2024.

Relevance up to 22:00 2024-11-25 UTC--5

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On the 4-hour chart, the Crude Oil commodity asset can be seen when #CL moves harmoniously in the Bullish Pitchfork channel that is diving upwards and above the EMA 50 which also has a slope that is diving upwards, especially confirmed by the appearance of deviations between the price movement of #CL and the Awesome Oscillator indicator, then in the near future #CL has the potential to strengthen up even though there is a potential for a correction to weaken down, but as long as the weakening correction does not penetrate and close below the level of 68.75, #CL still has the potential to strengthen up to the level of 72.05 and if the momentum and volatility support it, 72.76 will be the next target to be aimed for.

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