During the past four weeks we’ve been updating you that oil was about crash. Today, we can look back and count almost 30% decline in what now appears as the biggest crash in oil in the past four years!
Traders that followed our previous recommendation and sold oil during the past 20 days made thousands of dollars. Today our analysts noticed the first signs for a possible reversal in the current trend.
Daily RSI hit a decade low at 14.5, first time since May 2012! Last time it happened after 32 days of consecutive movement down. This time, daily RSI hit exactly 14.5 after 40 days of consecutive movement down.