Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Crude Oil Commodity Asset, Wednesday January 25, 2023.

On the 4th hour chart Crude Oil commodity asset seems that there is a discrepancy between the price movement and the Awesome Oscillator indicator which confirms that in the near future there will be a downward movement below the 79.66 level which is the Equal Low level so that if this level is successfully broken below then the 78.12 level will be the next target to be tested but if on the way down suddenly #CL turned up and penetrated the 82.62 level,it is very likely that the decline scenario that has been described will become invalid and cancel itself.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Analysis are provided by InstaForex

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