JSW Steel broke out from Flag pattern & consolidation, with a target above 1000 levels. It faced resistance at 900 levels but rebounded. RSI at 65.9, MACD bullish, trading above moving averages. The daily Relative Strength Index (RSI) is placed at 65.9. RSI below 30 is oversold and above 70 is considered overbought, Trendlyne data showed. The daily MACD is above its center and signal Line, this is a bullish indicator.
OIL PRICE UPDATE: WTI prices are looking to break back above the $90 a barrel mark. Will the price be able to maintain upside momentum or enter another consolidation phase?