Tag: nybot

Crude Oil – Will the rise sustain? | Commodities Prices Review | Nymex / Nybot

Ever since the Crude Oil prices breakout from the $93 resistance, prices has seen a good surge towards $107-$108 region. Strong support at $106. Some caution here when the Crude Oil RSI is hovering around overbought levels. More importantly, there are various bearish divergence signals at RSI & MACD. Current rise may not be sustainable in short term. The next…