Judging from past when RSI at cycle low, oil rallied from 27 to 114 months, with price gained from 78% to 1121%. So there is a high chance current oil rally is far from over. I would buy on breakouts and dips with a target of $87.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
