WTI - Bearish Divergence
WTI keeps setting higher highs, but the RSI on the longer timeframe is weakening.
OPEC doesn't want to sink the market, but between Saudi and UAE there are over 3 millions barrels a day offline, and OPEC is committed to continued supply increases.
Omicron is driving major disruptions to travel.
Biden has the gun loaded to cool off oil prices as well.
I'm looking to the next reversal to short.
I think the Omicron drop late last year was warranted by the fundamentals. I'm really not sure what's keeping the market up so high right now.
OPEC doesn't want to sink the market, but between Saudi and UAE there are over 3 millions barrels a day offline, and OPEC is committed to continued supply increases.
Omicron is driving major disruptions to travel.
Biden has the gun loaded to cool off oil prices as well.
I'm looking to the next reversal to short.
I think the Omicron drop late last year was warranted by the fundamentals. I'm really not sure what's keeping the market up so high right now.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน