As clearly highlighted on the chart, you can see some clear negative RSI divergence.
There's further 4 top negative RSI divergence on the weekly, as shown in the link to related idea.
I've still got my short term position opened, even with the new high and aiming for the 76 and then 66 areas.
I can imagine the Russia/Ukraine situation brightening sooner or later which will for sure be used as a reason for the sell off in oil in media outlets.
There's further 4 top negative RSI divergence on the weekly, as shown in the link to related idea.
I've still got my short term position opened, even with the new high and aiming for the 76 and then 66 areas.
I can imagine the Russia/Ukraine situation brightening sooner or later which will for sure be used as a reason for the sell off in oil in media outlets.
