Crude is in a downtrend resistance and the most overbought since 2023

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Jan. 14, 2025 1:27 PM ETCrude Oil Futures (CL1:COM)KMI, UCO, COP, BP, XOM, CVX, SHEL, SCO, OILC, OILK, USOI, ET, HOU:CABy: Monica L. Correa, SA News Editor
Data analyzing in commodities energy market: the charts and quotes on display. US WTI crude oil price analysis. Stunning price drop for the last 20 years.

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Crude oil (CL1:COM) is the most overbought since the 2023 peak, when it surpassed $91 – currently at $77.71.

Crude oil (CL1:COM) is surging into a downtrend resistance. Futures are down 5.71% from the past six months, but up 8.84% from last month


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