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olly_price
Jul 27, 2016 9:34 PM

Buy crude oil to trade the move down Long

FX:UKOIL1D
Crude Oil (Brent)FXCM

Description

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Crude oil for me is likely to move yet closer to $40 per barrel.

However, this strong RSI divergence and high level of structure indicates an imminent pullback.

Buy now and short later.
OilcrudeCrude OilrsidivergenceRelative Strength Index (RSI)rsi_divergenceoversoldstructuresupportresisanceBearish Patternsbuysignal
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