FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday February 03, 2025.

If we look at the 4-hour chart of the Crude Oil commodity instrument, it appears that its price movement is above the EMA (21) which also has an upward slope, especially with the appearance of divergence against the Crude Oil price movement with the Awesome Oscillator indicator, so based on this information, in the near future it has the potential to appreciate up to the level of 75.59 and if this level is successfully broken through and closes above it, then #CL has the potential to continue its strengthening to the area level of 76.68 - 77.35, but if on its way to the target levels, there is suddenly a weakening correction that breaks through and closes below 71.60, then all the strengthening scenarios that have been described previously will be invalid.

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