Is Brent crude oil really heading for $35?
- Oil is trading in a sideways range
- RSI divergence indicates the end of the selloff
- We're unlikely to see those sub–$40 prices after all
A break below the Thursday low at around $42.50 and WTI crude oil is on its way towards $30-35 ie. the 2008 low.
Kim Cramer Larsson is a technical analyst at Saxo Bank