10.05.202304:57 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday, May 10 2023.

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With the formation of the Bullish 123 pattern followed by several Ross Hooks (RH) which were penetrated several times and followed by the MACD indicator which is in Positive Crossing BUY condition on the 4-hour chart, then it is confirmed that currently #CL is trying to test the Resistance level at 75.69 during The rally did not close above the 80.07 level, so #CL still has the potential to continue its decline, especially if it manages to break below the 69.70 level, then #CL has the potential to continue its decline to the 68.13 level as the main target and the 64.12 level as the next target.

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