Oil - RSI Divergence on the long term
Over the last year we've been forming an RSI divergence on oil, and we're seeing increasing volatility.
There are a lot of geo-political factors at play here. I think there's a risk premium on oil right now because of Russia.
.. increasing volatility means sharper moves. I'm watching for Russia / Ukraine to resolve, and depending on how it resolves, expecting a major price move one way or the other.
If there is no invasion, no major war in Europe, I'm anticipating a retest of to $70 or $66 level.
There are a lot of geo-political factors at play here. I think there's a risk premium on oil right now because of Russia.
.. increasing volatility means sharper moves. I'm watching for Russia / Ukraine to resolve, and depending on how it resolves, expecting a major price move one way or the other.
If there is no invasion, no major war in Europe, I'm anticipating a retest of to $70 or $66 level.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.