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WTI retreats, but no divergence at play here

FX:USOIL   Crude Oil (WTI)
Daily chart of US Oil/WTI Oil             does not show any negative price-RSI divergence as we spotted earlier today on the daily chart of Brent oil             .

So the question arises is whom to trust as major reversals usually happen after bearish divergence with RSI . Though Brent shows it WTI does not.

From traders perspective, it is important to see if both benchmarks drop and sustain below April 29 high. If so, Brent's negative divergence would gain more credence.

If there is a rebound, from April 29 high, the fact that there is no bearish divergence on WTI gains credence and then would indicate increased prospects of rally in both benchmarks.
jangseohee
6 months ago
how bout bearish hidden
snapshot
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TipTVFinance PRO jangseohee
6 months ago
wots ur view?
Reply
jangseohee TipTVFinance
6 months ago
that could happen for down, as USD goes up
Reply
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