TipTVFinance

Brent oil – Bearish price RSI divergence on hourly

TVC:UKOIL   Brent Crude Oil
The bearish divergence noted on the hourly chart if followed by a breach of rising trend line support around $50.50 could yield a much deeper retracement to $49.60 levels.

On the higher side, traders should watch out for a break above $51.11 as such a move could yield a rally to $52.00, although caution is advised since weekly 100-MA at $50.70 is sloping downwards.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out