FX.co ★ Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday June 16, 2025.

On the 4-hour chart of the Crude Oil commodity instrument, there is an appearance of Divergence between the #CL price movement and the Stochastic Oscillator indicator, indicating that in the near future there is a potential for a weakening correction where the 70.86 level will be tested in the near future. If this level is successfully broken and closes below it, then #CL will continue its weakening to the 69.21 level as its main target and 67.00 as the next target if the volatility and momentum of the weakening support it, but if on its way to these levels there is a sudden strengthening again until it breaks and closes above the 77.58 level, then all the weakening correction scenarios that have been described will be invalid and automatically canceled by themselves.

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