However, when the price hit the top, there wasn't any & divergence signals at all.
End of July saw the break of short-term uptrend line twice, which trigger a sell signal.
Subsequently the price has engaged in the nicely.
On friday's close, it was another candle with the fact that crude oil drop below $90 and close at 89.71.
But i am doing a little big of contrarian long again here due to:
1. the seems to be well respected upper and lower
2. has no level, but it is way way OVERSOLD!
3. happen in , although gives randomly reliable signal
4. two rejection below 88
5. the for last three trading day looks like climatic selling (while Funds are climatic buying?) and this is comparable to the temporary bottom back in Feb.
1st target will be around 92 which coincide with the resistance of and slight around 200ema. Anything more can see it test 94.88 again.