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Oscillator
An oscillator is a technical analysis tool that identifies momentum, trend reversals, or overbought/oversold conditions in a market.
In oil trading, oscillators like RSI or stochastic indicators guide entry and exit points. They are particularly useful for short-term or speculative strategies.
Oscillators smooth price data and provide signals based on thresholds, helping traders anticipate potential market turning points.
They are widely used alongside trend indicators for comprehensive analysis.