Crude oil has traded right into resistance and I believe it is time to take a short position. Crude has tapped the top side of the multi-month and has reached some macro resistance levels.
MACD and RSI both are overbought with plenty of room to drop.
First target 78.65
Second 76.90
Final 75.60
MACD and RSI both are overbought with plenty of room to drop.
First target 78.65
Second 76.90
Final 75.60