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29.05.202307:13 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Crude Oil Commodity Aset, Monday May 29, 2023.

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If we look on the daily chart of Crude Oil commodity asset on its daily chart, then there will be two important things such as :

1. The Appearance of Bullish 123 Pattern followed by Ross Hook (RH).

2. There is a deviation between price movement with indicator MACD.

So, based on two things above, then as long as there is no downward correction which going down below the 69.40 level, then #CL has the potential to appreciate the rally going up where the 74.72 level will try to be tested to be penetrated upwards and if it is successfully broken then #CL will try to go to the 75.81-79.77 area.

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