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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Technical Analysis of Intraday Price Movement Crude Oil Commodity Instrument, Tuesday May 06, 2025.
04:16 2025-05-06 UTC--4
Exchange Rates analysis

With the price movement forming Higher Low - Lower Low and supported by the decreasing slope of WMA (30 Shift 2) and the movement of Crude Oil prices moving below it, it is clear that the Sellers are quite dominant so that in the near future it has the potential to bring #CL down to level 55.46 again if this level is successfully broken below then #CL will continue to weaken to level 54.25 even if the momentum and volatility of the weakening support it is not impossible that level 52.10 will be the next target. But it should also be noted that because of the appearance of divergence between price movements and the Stochastic Oscillator indicator, there is also the potential for strengthening where 58.53 has the potential to be tested in the near future but as long as the strengthening does not penetrate and close above level 59.85 then the weakening condition on #CL will continue.

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