Brent - RSI Divergence + Overreaction on US sanction on Iran

Oil price have rallied over the U.S sanction on Iran, which I think is an overreaction and underestimation of how Saudi, OPEC and Russia can still provide the 2 million barrels that would come off the market once the sanction starts in November.

Technically however :

1. Price-RSI divergence

2. Boomerang Level as targets (click the chart below to understand Boomerang)


3. Missed Pivots (Rob Booker concept) as targets