Oil: bullish divergence points to a bounceI still think wti has bottomed, or is near a bottom. Both stochastic and RSI have been making higher lows when wti price is making lower lows. The same happens to MACD. This is the third time we saw this kind of divergence in the past three years. The first time was in June 2012, then wti climbed from $77.28 to $100.42. The second time was in November 2013, then WTI climbed from $91.77 to $100.75.