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PAY ATTENTION ON THE OIL MARKET (RSI BEARISH DIVERGENCE / DAILY)

PAY ATTENTION ON THE OIL MARKET (RSI BEARISH DIVERGENCE / DAILY)

On a daily timeframe , a bullish divergence on the Relative Strength Index ( RSI ) happened from end of March to end of August 2021, which led to an increase of the oil price since end of August (from $61.00 to $80.00).
But for now, since beginning of March, a bearish divergence on the Relative Strength Index ( RSI ) is in progress: the oil price is increasing (from $68.00 to $80.00), when the indicator is decreasing (from 83 to 73).
The bearish divergence is still in progress. PAY ATTENTION!

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