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US Oil Shows Signs of Over-extension

Started by PocketOption, Feb 17, 2022, 02:08 pm

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PocketOption

US Oil Shows Signs of Over-extension

Oil prices faltered after a surprise rise in US inventories. WTI hits resistance at September 2014's high (95.50). The RSI's repeated overbought situation on the daily chart may restrain the bullish fever. A bearish RSI divergence on the hourly time frame indicates a loss of momentum in the short term. 89.10 is the closest support […]


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