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!
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!