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Bearish divergence on brent crude

Short
CFDs on Crude Oil (Brent) (FX:UKOIL)  
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FX:UKOIL   CFDs on Crude Oil (Brent)
Oil Commodities shortsetup bearishdivergence Relative Strength Index (RSI) rsi_divergence overbought Energy Commodities structure Fibonacci
5
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oil commodities shortsetup bearishdivergence relativestrengthindex rsi_divergence overbought energy structure fibonacci
Brent crude rally appears to be quite overdone, given that the fundamentals aren't particularly good.

IEA announced that Iran have almost reached pre-sanctions production levels, fuelling a glut further and quite outdoing the decreasing in production in the US.

$49 as a SL.
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