\n\n\n\tPAY ATTENTION ON THE OIL MARKET (RSI BEARISH DIVERGENCE\/HOURLY)\n\n\n\nCRUDE OIL FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)\tNYMEX:CL1!\n\n\n\tViclreTrade\n\n\n\n\t\n\nTo complete the previous post about RSI divergences on the oil market: \nOn a hourly timeframe, a weak bullish divergence on the Relative Strength Index ( RSI ) happened from end of September to beginning of October 2021, which led to an increase of the oil price since end of August (from $75.00 to $80.00). \nBut for now, since end of September, a stronger bearish divergence on the Relative Strength Index ( RSI ) is in progress: the oil price is increasing (from $76.00 to $80.00), while the indicator is decreasing (from 79 to 72) in the overbought zone. \nThe bearish divergence is still in progress. \nMoreover, a doji , followed by a red candlestick , led to a bearish engulfing . \nPAY ATTENTION!