09.12.202406:37 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset,Monday December 09, 2024.

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Although on the 4-hour chart, the Crude Oil commodity asset looks to be weakening, which is indicated by the price movement moving below the EMA 21 which also has a downward slope, but with the appearance of a deviation between the #CL price movement and the Stochastic Oscillator indicator, it gives an indication that in the near future there is potential for strengthening, where in the near future 69.33 will be tested, even so as long as this strengthening does not break through and close above the 70.07 level, #CL will continue to weaken, where 66.96 will be tested to be broken through and close below it, and if this level is successfully passed, 65.78 will be the next target to be targeted.

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