Crude Oil Technical Analysis - 02/08/2022
Updated
Crude oil reaching the top of the trend channel with overbought readings on the RSI momentum indicator.
RSI reading overbought at 72.
Look for support at the mid channel support line (80-82 levels) and the lower level channel support line (72-74 levels).
RSI reading overbought at 72.
Look for support at the mid channel support line (80-82 levels) and the lower level channel support line (72-74 levels).
Order cancelled
Russian invasion = cancelled shorts
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