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On the 4-hour chart, the Crude Oil commodity asset can be seen when #CL moves harmoniously in the Bullish Pitchfork channel that is diving upwards and above the EMA 50 which also has a slope that is diving upwards, especially confirmed by the appearance of deviations between the price movement of #CL and the Awesome Oscillator indicator, then in the near future #CL has the potential to strengthen up even though there is a potential for a correction to weaken down, but as long as the weakening correction does not penetrate and close below the level of 68.75, #CL still has the potential to strengthen up to the level of 72.05 and if the momentum and volatility support it, 72.76 will be the next target to be aimed for.
(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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