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

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

Technical analysis

2026-09-22 05:43:48

btc_content4_4 Nermin Ezzeldin

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

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