WTI Crude Oil Momentum Fades Near All-Time Highs
Crude Oil WTI has seen its momentum stall near all-time highs of $104.46, with the current price at $102.99.
The parabolic uptrend is showing signs of reversal risk, as indicated by declining volume and fading momentum signals on the 5-hour chart.
The SuperTrend remains bullish, providing support at $97.88, while the MACD histogram is losing steam and the RSI is teetering on overbought territory.