Oil on a 4h time frame is a sell according to the Stochastic RSI strategy to sell
crossing below 80% or buying crossing above 20%. The daily (top down analysis)
supports a move to the down side. The general markets in turn look oversold and
are trying to blow off this oversold condition. Therefore it looks good enough to
take a trade. The stop should be at above recent higher highs.
crossing below 80% or buying crossing above 20%. The daily (top down analysis)
supports a move to the down side. The general markets in turn look oversold and
are trying to blow off this oversold condition. Therefore it looks good enough to
take a trade. The stop should be at above recent higher highs.