RSI Oil Indicator Strategy Summary

Summary of RSI indicator:

The RSI indicator is one of the most widely & oftenly 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 oil technical analysis & 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 trading price movements. The RSI indicator is used to determine if:

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

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

RSI Crude Trading Indicator Trading Strategies