Before we start the next week, let's take a look at the trend of the oil chart. The price continues to move in a downward channel. Due to the positive divergence between RSI and price, we can expect a temporary rise in oil price. If this uptrend fails, the price will reach lower targets in its descending channel.
Please share ideas and leave a comment, let me know what's your idea. CrazyS
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.