The Relative Strength Index (RSI) has rebounded above neutral territory, and the MACD, while still in negative territory, is showing signs of narrowing, suggesting weakening downward momentum. Overall, absent any new negative supply news, WTI is likely to experience a short-term volatile rebound. However, significant pressure from the upper moving average remains, and a breakout with significant volume remains a concern.#SharingTradingMistakesAndGrowth#BrokerEvaluation
The Relative Strength Index (RSI) has rebounded above neutral territory, and the MACD, while still in negative territory, is showing signs of narrowing, suggesting weakening downward momentum. Overall, absent any new negative supply news, WTI is likely to experience a short-term volatile rebound. However, significant pressure from the upper moving average remains, and a breakout with significant volume remains a concern.#SharingTradingMistakesAndGrowth#BrokerEvaluation