FX.co ★ Crude Oil – September 22: Break of the Ascending Channel and Start of a Bearish Correction

The 4-hour (H4) chart for Crude Oil (#CL) futures reveals a significant technical shift in price trend. The price is currently trading around the 97.11 level, driven by a sharp decline following the breach of the previous uptrend and an exit from the primary price channel.

Technical Analysis and Price Action