Brent Crude Oil to extend the rebound on a move above August peak at $104/105 – SocGen

Brent Crude Oil to extend the rebound on a move above August peak at $104/105 – SocGen Oil Brent Banks

Monthly RSI has developed a positive reversal

“It is worth noting that monthly RSI has developed a positive reversal – a phenomenon where RSI records a lower trough, but price forms a higher low. This denotes upside potential.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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