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 US Home Prices Climb in May as Supply Remains Tight, Despite High Rates READ MORE Japan's GPIF Explores Diversification into Forests, Gold, and Bitcoin READ MORE Powell Hints at September Rate Reduction if Inflation Eases READ MORE Money vs. Currency: The Great Gold & Silver Rush READ MORE China Launches Massive $140 Billion Bond Sale to Fuel Economic Growth READ MORE Add a Comment Cancel replyYour email address will not be published.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