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Is oil about to reverse after this week's rally?
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ticker lesson
Breakdown
0:00WTI· ticker
WTI — overbought, RSI 68, parallel channel
- WTI up 4.4% week
- RSI near 70, alarm bells
- Parallel channel apparent
- Approaching 50% line
- Not time to buy
0:01Brent· ticker
Brent — up 6.2% week, RSI 74.5
- Brent up 6.2% week
- RSI 74.5, not ready to short
- Big candle shows breather
- No clear short setup
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