Home Brent Oil Technical Analysis: Bear RSI divergence on the 4H chart

Brent Oil Technical Analysis: Bear RSI divergence on the 4H chart

Published date: 25 Feb. 2019 | 04:12

Brent oil is currently trading at $66.96 per barrel, having hit a high of $67.46 earlier today. Prices could fall back to the psychological support $66.00, as the relative strength index on the 4-hour chart has diverged in favor of the bears.

4-hour chart

Trend: bearish

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