Oil price has been increasing rapidly and made a new high around 89.70 USD/Barrel. However, technically analysis may suggest that it may be a time for oil to correct. RSI Bearish diveregence is spotted in the daily timeframe where new higher in price is made, but RSI indicator did not make a new high. daily candle sticks has been making several doji sticks, suggesting that there are some seller pressure at that level.
SHORT Opportunity if price broke and closed below 86 USD/barrel on 4H timeframe
SHORT Opportunity if price broke and closed below 86 USD/barrel on 4H timeframe