RSI Crude Oil Technical Indicator Patterns & Oil Trend Lines

Traders can draw oil trend lines on the RSI in the same way as you can draw oil trend lines on the crude trading price charts. RSI oil trend lines are drawn the same way oil trend lines are drawn on the crude oil chart; by joining consecutive highs of the RSI indicator or consecutive lows on the RSI oil Indicator.

RSI Oil Trend-Lines & Oil Trend lines on Oil Trading Charts

RSI Crude Trading Chart Patterns in Crude Trading

Crude Trading RSI Chart patterns such as head and shoulders oil chart patterns or triangle crude trading chart patterns that are not evident on the crude trading price chart are often formed on this RSI crude oil technical technical indicator.

RSI indicator also often forms oil patterns such as head & shoulders or triangles oil chart patterns that may or may not be visible on the crude trading price chart. As shown on the crude oil chart below the Reverse Head and Shoulders reversal formation is clearly shown on this oil RSI indicator.

Crude Trading Chart Patterns on RSI Crude Trading Chart Technical Indicator

Support & Resistance Levels Trading using RSI Technical Indicator

Sometimes oil chart levels of support and resistance levels are demonstrated better on the RSI indicator than on the crude trading price chart.

In an upward oil market trend the support levels should not be broken at any one time, if they are broken then crude trading price will also break the support levels & the upward oil trend is going to reverse.

In a downward oil trend the resistance levels should not be broken, if they are broken then crude trading price will also break the resistance levels, and the downward oil trend is going to reverse.

Support and Resistance Levels on RSI Technical Indicator

In the oil example above when the third resistance level was broken the downward oil trend reversed to an upward oil trend and when the sixth support was broken the upward oil market oil trend reversed and broke the upward oil trend line.