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3 Oct 2018
Daily Crude Oil Futures Chart
Gallery: Home Description: October 3, 2018 - The daily chart of oil reveals overheated technical oscillators; for instance, the RSI (Relative Strength Index), the Williams %R, and Slow Stochastics are all hovering in overbought territory, which tends to promote a rally reversal if market participants are given reason to lock in profits. We have seen the RSI on a daily chart exceed a reading of 70 on two other occasions, both of which triggered sizable corrections.
File Size: 199.74 KB Dimensions: 2148x1156 Created: 3 Oct 2018 Updated: 3 Oct 2018

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