SIDEWAYS TO DOWN
Oil appears to have reversed ahead of the ATH ($147.27) as the RSI falls below 70 to indicate a sell signal, and failure to hold above the $104.20 (50% expansion) region may push crude towards the $100.20 (38.2% expansion) area as the bullish momentum abates.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.