RE:Opening guess anyone ? Could we see $7 today ? I asked Prolapse his opener prediction and he said the same thing he says everyday. "We will open at infinity."
Interesting the last 3 days there must be a big seller or lots of profit takers at the 10:10:30 mark. WTI got hit everyday in that time period. Happening again today. The RSI peaks are confirming the near term trend same ith the RSI toughs. Essentially the convergence of the RSI and WTI price confirms the current trend.
Look for divergence of WTI and the RSI peaks to foretell a reversal. Happened yesterday at 4pm. Looking at the WTI 30 min chart with the tough at 4 pm was lower then the one earlier in the day but the RSI tough at 4 pm was higher then the tough earlier in the day. Divergence means a price reversal. Until there is divergence the trend will confinue.