On last two occasions, oil price staged a strong rebound from around 200-DMA levels. On both occasions, the RSI was oversold as well.
This time, the RSI is oversold as well. But wait, look at the 50-DMA... it has topped out this time around. Will history repeat itself?
This time, the RSI is oversold as well. But wait, look at the 50-DMA... it has topped out this time around. Will history repeat itself?
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