We've been out of the #Oil trade for some time now.
It since went about 10% higher, no big deal.
Daily analysis:
Broke its recent uptrend.
RSI oversold - Usually gets a bounce at these levels.
It has been trading in between mid 60's & Low 90's.
Intraday looks like it is setting up for a bounce.
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Weekly Analysis:
You'd figure with tension rising that #OIL would be at a 100, at least.
Daily it broke the trend but it's best to wait until Friday to see if it's going back to the lower part of the trend or bouncing.
Historically, RSI doesn't hang around the 50 area much, shown by the yellow arrow.
It since went about 10% higher, no big deal.
Daily analysis:
Broke its recent uptrend.
RSI oversold - Usually gets a bounce at these levels.
It has been trading in between mid 60's & Low 90's.
Intraday looks like it is setting up for a bounce.
--------------------------------
Weekly Analysis:
You'd figure with tension rising that #OIL would be at a 100, at least.
Daily it broke the trend but it's best to wait until Friday to see if it's going back to the lower part of the trend or bouncing.
Historically, RSI doesn't hang around the 50 area much, shown by the yellow arrow.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。