Positive Divergence, daily on the $WTIC

No help from the USD, cratering, as Jerry Powell runs the printing press.

 

I don't see the divergences personally. Are you looking to go long or short based on this?

 

Sorry, looks like this:
Also, I'm bullish on commodities, esp energy.

 

For that to be a solid bullish divergence, I'd be inclined to the think RSI needed to put in a low around AUG 5th that is lower than where it is now.

RSI has basically just followed the price action since early AUG. More recent peaks and troughs are what matter.

 

You have to filter it thru a political lens to see the "divergence."



Meanwhile Unleaded looks lower to me.

 

Unleaded below $1.90 today!!!!!!!!!!!!!!!!!!!!!!!