WTIC Oil Weekly Chart

WTIC oil weekly chart shows negative divergence across some indicators despite the huge jump in price, although the RSI will want to see another higher high moving forward. Some M Top action may be in play now for Petrodollars. Once the next matching or higher high is achieved, the RSI can be studied to note if negative divergence is in place. Oil will stay buoyant as long as the emotional news releases keep hitting the wires, as well as all the rumors. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.