Crude Oil More Over Sold Than 2008, 2001

Crude oil is more over sold by monthly RSI than it was in either 2008 or 2001.  Amazing.  Now if only my oil man will get the memo.  My suspicion is that these guys are dragging their feet, wink wink, nudge nudge.  Maybe expecting a bounce just around the corner?

Back on the chart, funny how the 2 previous events happened at year-end as well.  Hmmm…