Oil definitely did not go the direction I thought initially. Seemed to have a breakdown fake out, and now seems to be potentially pushing higher. May push lower, but the Weekly RSI seems to be forming a bottom. RSI on daily is coming down again, but could push higher in the coming weeks. Price may find support at the bottom of the bull flag and push higher, but it could always go lower. If all else fails, have a stop loss.
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.