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 Record-Breaking Gold Rally Continues for Eighth Day on Safe-Haven Demand READ MORE Has the Housing Market Crash Arrived? READ MORE BullionStar Perspectives – Lawrence Lepard – Fiat Endgame – Reinforces need for Sound Money READ MORE Crude Prices Dip Below $75 Amid Ceasefire Talks Between Israel and Hamas READ MORE Silver's Hidden Potential: The Path to $50? READ MORE Add a Comment Cancel replyYour email address will not be published.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