Crude Oil's Upward Momentum Stalls Amid Signs of Overbought Market West Texas Intermediate crude oil saw a roughly 2% decrease to settle near $81, marking a slowdown in the recent price surge to the highest since late October. The decline aligns with technical signals indicating overbought conditions and the peak of algorithmic long position buying, suggesting potential for a shift in price momentum to the downside, according to Daniel Ghali, a commodity strategist at TD Securities. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts The Latest Inflation Breakdown READ MORE Financial Planners Embrace Gold as Long-Term Investment Strategy READ MORE Powell Signals Delay in Rate Cuts Amid Ongoing Inflation Concerns READ MORE Goldman Sachs: Gold is the Best Investment Right Now READ MORE Inflation Squeeze: Gen Z Turns to Parents and Budget Cuts to Survive READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment