Daily Chart
Formation – Possible bearish price-RSI divergence
Resistance – 18,137, 18,188, 18288
Support – 17,977, 17,914, 17,796
Formation – Possible bearish price-RSI divergence
Resistance – 18,137, 18,188, 18288
Support – 17,977, 17,914, 17,796
- A tinge of risk-off was seen in Europe, courtesy of oil price drop. Though oil has recovered there exists a risk-off fresh drop in case US government data shows a big build up in weekly inventory.
- In such a case, the stock markets could follow oil lower and suffer weak closing.
- That will confirm a bearish Price-RSI divergence on DJIA daily chart; something equity bulls need to watch out for.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.