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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Pitera who wrote (17458)12/13/2015 11:58:54 PM
From: The Ox  Read Replies (1) | Respond to of 33421
 
Yes, I agree that there's no sign of a bottom but the full STOs and the RSI are showing strongly oversold conditions. These indicators can stay low for a long time, so no need to jump the gun. Crude has fallen nearly 20% in the last 3 weeks, which is also a bit extreme for such a short period of time.