TipTVFinance

WTI retreats, but no divergence at play here

FX:USOIL   CFDs on 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.
how bout bearish hidden
Reply
TipTVFinance jangseohee
wots ur view?
Reply
jangseohee TipTVFinance
that could happen for down, as USD goes up
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out