For Traders

Analytical Reviews

Technical analysis

22.04.202405:51 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset , Monday April 22 2024.

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.

With the appearance of Descending Broadening Wedge pattern on the 4 hour chart, Crude Oil commodity asset gives the clue that in the near future #CL has the potential to have a strengthening correction upward, as long as there is no continuing weakness which is down below the level 80,29, then #CL has the potential to return strong to the level 83,92 as the main target and if the volatility and momentum is strong enough, then the level 84,88 will be the next target.

(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.