23.06.202507:29 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday June 23, 2025.

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In addition to the appearance of Divergence between the price movement of Crude Oil and the Stochastic Oscillator indicator on the 4-hour chart, there is also a Bearish 123 pattern and a Triangle pattern where all these facts indicate that in the near future #CL has the potential to be corrected downwards, where the level of 74.20 will try to be broken and close below it. If successful, then #CL has the potential to continue its weakening correction to the level of 73.53 as its first target, and if the volatility and momentum of its weakening support, then #CL will continue its weakening correction back to the level of 72.57. But if during the course of its weakening correction suddenly #CL strengthens again to break and close above 77.64 then all the weakening correction scenarios that have been described previously will be invalid and automatically canceled by themselves.

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