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On the 4-hour chart of the Crude Oil commodity asset, there has been a deviation between the price movement and the Stochastic Oscillator indicator, especially with the failure of #CL to touch the Lower Line of the Bollinger Band and the appearance of the Descending Broadening Wedge pattern, further confirming that in the near future, as long as there is no further weakening of #CL, especially to break and close below the level of 66.96, then #CL has the potential to strengthen again, where the level of 69.13 will be tested if it successfully broken and closes above it, then #CL has the potential to continue its strengthening to the level of 72.85, even if the momentum and volatility support it, the level of 75.38 will be the next target.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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