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cryptodiggy
Apr 17, 2020 1:28 PM

Positive RSI divergence on oil daily, bounce incoming? Long

WTI CRUDE OILTVC

Description

I see a positive RSI divergence on oil daily chart, plus prices are lowest since 2002...

I think there's a good chance it can bounce hard, possible to see a 100% gain in a short period of time in the coming weeks?

Could still have a spike lower or capitulation down, but if that happens likely to be very short term IMO...

This is NOT FINANCIAL ADVICE of any sort!
Comments
TheTroubleshooter
great - thank you - but why it isnt at the bullish trend then?
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