Technical analysis of Crude Oil for June 08, 2018

Technical analysis of Crude Oil for June 08, 2018

At the 4 hour charts, we’ve found a divergence between the Relative Strength Index Oscilator and the price of Crude Oil. Therefore, there is a possibility #CL will go up after a breakout and close above the 66.55 level unless the price does not break out and close bellow the 64.23 level. In that case the crude oil will likely test the first target at 68.64 level.

 

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