RSI Indicator Oil Trading Strategy Summary

Summary of RSI indicator:

The RSI indicator is one of the most widely & commonly used oil technical indicators available. RSI technical indicator is a momentum oscillator with some oil trend following characteristics.

RSI is one of the most popular oil indicators used in crude oil analysis and it used to generate crude oil signals using crossover trading strategy.

RSI indicator plots the divergence and convergence of oil charts patterns. The RSI is constructed using chart crude oil price movements. The RSI indicator is used to determine if:

The oil prices are closing lower than where they opened - RSI indicator below 50 center line mark or

The oil prices are closing higher than where they opened - RSI indicator above 50 center line mark

RSI Crude Oil Technical Indicator Strategies