Forex Analysis & Reviews: Technical Analysis of Daily Price Movements of Crude Oil Commodity Assets, Monday, December 05 2022.

On the daily chart, the Crude Oil commodity asset can be seen that Friday's bar has a Close that overlaps with the PL Dots so that it forms a Support/Block area at Friday's low to push up Crude Oil's movement on Monday Dec 05, 2022 as for Crude Oil on Monday is predicted to be pushed by market players to the Projection High area at the 81.57 level. If this level is successfully broke, then the 82.20 level which is the Sacrosanct Level / Halo will be the main target to be broke upwards as long as the 79.66 block area is not penetrated below.

*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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