has had the buy me light on since August of last year. So why now? This chart offers a few points for optimism in oil
. First, there is the trio of Williams %R
. They appear to have reached some kind of consensus back in the middle of December. This was followed by a loosening of the bearish
grip on the shorter %Rs to compliment a divergence on the RSI
. The green lines are targets and a drop bellow the red line is my stop.