On 11/08/23 Crude Oil Continuous contract chart (CL2!) hit the Fibonacci .618 retracemt level at 74.92. A break below this level could open the door for a move down to the 68.00 area.
Daily RSI had only a minor bullish divergence on 11/08/23 and has yet to reach the oversold zone which begins at 30%.
Daily RSI had only a minor bullish divergence on 11/08/23 and has yet to reach the oversold zone which begins at 30%.
