FX.co ★ Crude Oil on its way to 42.50: Analysis for July 23, 2020.

The Crude Oil is now moving towards the 42.50 level. Before the price reaches that level, it has to reach 42.04 first before climbing as high as 42.50. As long as the commodity does not retrace downwards and closes below 41.18, the bullish scenario will be automatically canceled because if this level is reached, the CL price will close below 41.18.

.(Disclaimer)