3 Charts to Know: Is Oil Overbought at $70 a Barrel?
Oil fell the most in a month with Brent slipping below $70. Two technical indicators suggest crude may be overbought: the 14-day relative strength index, or RSI, and the 50% Fibonacci retracement line at $71.40. Bloomberg's Ramy Inocencio explains with his three Bloomberg terminal charts you need to know on "Bloomberg: Daybreak Asia." (Source: Bloomberg)