08.03.202307:25 Forex Analysis & Reviews: Technical Analysis Of Daily Price Movement Of Crude Oil Commodity Asset, Wednesday, March 08 2023.

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.

From the daily price movements of the commodity assets, crude oil is seen to be moving in a ranging-sideways condition, which is also confirmed by the yellow Chop Zone indicator from CCI, even though #CL has quite good volatility, so based on the two things above, it can be concluded that as long as this doesn't happen upward correction movement that exceeds the level of 80.87 then #CL has the opportunity to fall down to the level of 73.80 in the next few days.

(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.