Are WTI crude oil prices topping?
WTI crude oil prices are showing negative RSI divergence on a test of resistance marked by an inflection area in play since July 2018. This hints that upside momentum may be fading, with a turn lower to follow.
A break below support anchored at 72.52 may expose the 70.00 figure. Alternatively, breaking resistance at the 77.00 mark might open the door for another challenge of 79.60.
A break below support anchored at 72.52 may expose the 70.00 figure. Alternatively, breaking resistance at the 77.00 mark might open the door for another challenge of 79.60.
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