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Jicka
Apr 20, 2020 1:10 PM

Oil - looking for a reversal Long

WTI CRUDE OILTVC

Description

I love this chart, it's very hard to buy anything after it's had an almost 40% down trade but that's the way bottoms feel; very hard to buy.

Obviously it might still keep plumeting down but watch the RSI, the divergence at the moment is the first sign for a short term reversal in sentiment or market realising it just had a massive overreaction.

Either way the volitility is great and catching a swing in the right direction can be dramatic moves in very short periods of time.
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