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IlyaSpivak

Are WTI crude oil prices topping?

Kontrak Berjangka Minyak Mentah Ringan (NYMEX:CL1!)  
IlyaSpivak  
NYMEX:CL1!   Kontrak Berjangka Minyak Mentah Ringan
Support and Resistance Oscillators Crude Oil Crude Oil WTI Oil WTI rsi_divergence rsidivergence
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supportandresistance oscillator crudeoil usoil oil wti rsi_divergence rsidivergence
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.
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