Technical Analysis – WTI oil futures in uptrend but rally shows signs of exhaustion

WTI Oil futures are at their highest level since July 2015 after a strong rally took prices above the key 57.00 level, hitting as high as 57.66. The short-term trend is clearly to the upside but the market has become overextended. This is indicated by the RSI on the 4-hour chart, which is now above […]