Wednesday, January 9, 2019

Sweet Light Crude as at January 9, 2019


Sweet Light Crude oil appears to have been slowed by resistance and may be retreating.
The RSI is showing overbought level above 70.
The Volty Channel is still showing an upward move on this 4 hour chart, however that may well change by the weekend.

Volty Murrey Math RSI


Crude prices have eased back as Wednesday evening proceeded, many traders feel that the market is still bullish.

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