Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term LONG Long

Crude Oil (WTI)FXCM

Description

⋅ Aug 1, 2016 10:19 AM

Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term

We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates.

Mid-term the downward momentum prevails considering the so-called "production glut" propaganda.

Take care!

Sinatra FX

TWITTER: twitter.com/Sinatra_FX

Comment

⋅ Aug 8, 2016 2:59 PM

43$ as projected! I am little bit in a wait and see mode from here with
slight downward bias