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 Elite's Escape Plan: Inside the Billionaire Bunker Boom READ MORE Home Prices Set to Surge Despite Overvaluation: Fitch's Forecast READ MORE Fed's Bostic Warns: No Quick Path to Interest Rate Cuts READ MORE Costco Offers Gold, But Reselling Proves Challenging READ MORE Schroders Investment Insights: The Case for Gold in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published.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