The legend in the InstaSpot team!
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In short no. I believe Oil prices are at their final stages of advance. Traders should be looking to take profits and protect their gains, as we believe it is a matter of time before a major reversal unfolds and Oil is back below $80.
Black lines- Fibonacci retracement
Oil prices are technically in a bullish trend making higher highs and higher lows. The weekly RSI is providing us with an important warning. The RSI is not following price to new higher highs. This bearish divergence is an important warning that should not be ignored. This divergence is not a sell or reversal signal. Only a warning.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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