FX.co ★ #CL Price Movement For April 09, 2020

If we look at the 4-hour chart on the crude oil, we see that buyers want to take control in this market. The $29.12 Liquidity Pool will be a magnet for oil buyers, although before the price goes up this is expected to make a retracement first to $23.55 to gain upward momentum. As long as crude oil does not retrace lower than $21.70, the odds are that 29.12 will be hit soon.

(Disclaimer)