19.03.202407:06 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Tuesday March 19, 2024.

With the appearance of deviations between the price movement of the Crude Oil commodity asset and the Stochastic Oscillator indicator on the 4-hour chart, even though currently the #CL condition is still dominated by Buyers, which is indicated by the price movement being above the EMA 200 and EMA 20 and EMA 50, it is still a Golden Cross, but with the presence of This divergence, which also happens to be the condition of the Stochastic Oscillator, also happens to be in the Overbought area and is preparing to plunge below level 80, so in the near future #CL has the potential to be corrected down, where level 81.01 will try to be tested and if this level is successfully broken as long as the initial bias does not return in #CL where level 83.08 is successfully penetrated above, level 80.49 will be the main target to be aimed at by this commodity asset and if the momentum and volatility are supportive enough then it is not impossible that level 79.64 will be the next target to be aimed at.

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