Oil has broken the RSI trendline and has rose $3 from 42.61 in less than 24hr. The impact of the FOMC was seen on the markets, with the dollar strengthening and XAUUSD, among others, dropping by $20, Oil felt little effect: showing the lack of selling pressure and signalling time to tackle new highs.
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.