OIL
Profit targets are hit from the previous Oil analysis
Reason why I think Oil is going to Reverse
-Oil is at strong weekly resistance areas
-Doji candle+ Bearish confirmation candle has been formed on the daily chart
-RSI divergence has been formed on the daily chart
- RSI has been oversold on the daily and weekly.
Good luck Traders!
Disclaimer
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.