FX.co ★ bradtke.owen | CL/Crude Oil

#CL / Oil / OILUSD Hello traders. Yesterday, oil did not continue its bullish sentiment and headed south. However, today it finally closed the price gap that appeared at the opening, so this debt is annulled, and we can consider the possibility of further growth. But for opening long positions, it is advisable to wait for more complete confirmation from the technical aspect. Currently, on the hourly chart, the indicators are pointing south, but the sell signal has not been activated yet. The pair approached a test of the local trend support but could not break through immediately. Therefore, there is a possibility of a rebound and an increase, with an approximate target of 103.80-104.00. On the four-hour chart, the indicators do not show anything specific, pointing in different directions, and the Bollinger Band suggests a scenario of movement within its range. At the same time, the pair entered the bearish zone of the channel, but it is too early to talk about consolidation here; there is a possibility of returning to the bullish zone. So, I am watching the local upward movement, but it is premature to talk about a significant move to the north based on the technicals. Although the fundamentals hint at such a development scenario.