Crude Oil losing momentum

NYMEX:CL1!   Light Crude Oil Futures
Crude oil is on its final push coupled with bearish divergences and major resistance zone.

The last handful of times crude has reached this point on the RSI it has been followed by large declines in the following weeks.

Trade safe!


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.