
USOil Technical Snapshot: RSI at 80 on 5-day run
USOil last traded at 100.74, up 6.65% on the session, sitting 15.09% above its 20-day average with a weekly RSI of 61.9 against a daily reading of 80.

USOil last traded at 100.74, up 6.65% on the session, sitting 15.09% above its 20-day average with a weekly RSI of 61.9 against a daily reading of 80.
Oil led the session with USOil up 4.62% while silver, platinum and gold all fell sharply and Wall Street indices closed in the red.

USOil trades at 89.47, up 4.62% on the session and above all three major moving averages, with RSI at 65.3 and ATR near the middle of its one-year range.

USOil trades at 85.65, down 0.93% on the session, sitting above all three daily averages near the midpoint of its 52-week range with a neutral RSI.

USOil trades at 81.48 after a 4.47% session, holding above its 200-day average with a neutral RSI of 53.1 and ATR near 4.78% of price.

A descriptive technical read of USOil at 83.59, down 6.51% on the session, covering trend structure, RSI, ATR volatility and nearby swing levels.