14.05.202507:42 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement Crude Oil Commodity Instrument, Wednesday May 14, 2025.

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

From what is seen on the 4-hour chart of the Crude Oil commodity instrument, there are several interesting facts, first the appearance of a Double Bottom pattern followed by Convergence between the #CL price movement and the Stochastic Oscillator indicator, second the appearance of a Bullish Dragon Pattern which is also confirmed by the third #CL price movement moving above the WMA (21) which has a slope that dives upwards so that based on this information in the next few days, #CL has the potential to strengthen up to the level of 67.72 and if the momentum and volatility support it, then 71.10 will be the next target to be aimed at, even so because the Stochastic indicator is currently above the Overbought level (80) indicating the potential for a weakening correction where the level of 59.64 has the potential to be tested, but as long as this weakening correction does not break and close below the level of 55.12, #CL will continue to strengthen.

(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.