Once is a fluke twice is a coincidence and thrice is pattern!
Brent Oil is once again staging a rebound from the 200-DMA at a time when the RSI is oversold.
I am pretty sure here that oil has found a bottom around $50-$49.75 levels… as the multiple daily candles with long tails suggest.
However, I would want to see prices break on the upside of the minor falling...
