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Commodities · indicator signal
RSI overbought drop on Crude oil
On Crude oil the rsi overbought drop showed up 70 times. The target came first 29% of the time, the stop 63%, and 9% went nowhere within 12 candles.
Counted on Crude oil futures: daily candles from January 2015 and hourly candles from September 2024.
By timeframe
| Timeframe | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Daily | 37 | 24% | 73% | 3% |
| Hourly | 33 | 33% | 52% | 15% |
Crude oil against the rest
| Charts | Found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| Crude oil | 70 | 29% | 63% | 9% |
| All Commodities charts | 374 | 33% | 60% | 7% |
| Every market | 36,014 | 34% | 58% | 8% |
Year by year
| Year | Found | Target first | Stop first |
|---|---|---|---|
| 2018 | 5 | 40% | 60% |
| 2019 | 4 | 25% | 75% |
| 2020 | 3 | 0% | 100% |
| 2021 | 10 | 10% | 90% |
| 2022 | 4 | 25% | 75% |
| 2023 | 5 | 20% | 80% |
| 2024 | 13 | 31% | 62% |
| 2025 | 22 | 36% | 41% |
The last 8 times
- 30 Jul 2025, 18:00 UTC · hourly · went nowhere
- 30 Jul 2025, 08:00 UTC · hourly · stop first after 4 candles
- 30 Jul 2025, 05:00 UTC · hourly · stop first after 2 candles
- 28 Jul 2025, 20:00 UTC · hourly · went nowhere
- 28 Jul 2025, 14:00 UTC · hourly · stop first after 4 candles
- 14 Jul 2025, 12:00 UTC · hourly · target first after 1 candle
- 14 Jul 2025, 08:00 UTC · hourly · stop first after 1 candle
- 23 Jun 2025 · daily · went nowhere
Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.
What the rsi overbought drop is
RSI rose above 70, then fell back below it. Buying may be tiring.
Run up a hill as fast as you can and soon you need a breather. RSI is a gauge from 0 to 100 that shows how hard price has been pushed lately. Above 70 means price was pushed up very hard, and dropping back below 70 hints the buyers may be tiring.
The full rsi overbought drop lesson, video and quiz ›
Other patterns on Crude oil
Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · MACD bearish cross · Doji · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them
The rsi overbought drop elsewhere
Gold · Silver · Copper · Natural gas · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · GBP/USD · EUR/JPY
Questions
How often does the rsi overbought drop work on Crude oil?
In 70 cases on Crude oil, the target (1.5 × ATR) came before the stop (1 × ATR) 29% of the time and the stop came first 63%; 9% went nowhere within 12 candles.
What is the rsi overbought drop?
RSI rose above 70, then fell back below it. Buying may be tiring.