Crude Oil closed lower on Monday and below the 10-day moving average crossing signalling that a short-term top has likely been posted. The low-range close sets the stage for a steady to lower opening on Tuesday. Stochastics and the RSI are turning bearish signalling that a short-term top might be in or is near. Closes below the 20-day moving average crossing are needed to confirm that a short-term top has been posted.
Join the Discussion