W

A hidden ‘triple top’ in oil price charts suggests the rally has run out of gas

Business Management
Share
A hidden ‘triple top’ in oil price charts suggests the rally has run out of gas

The failure of a key momentum indicator to match the price highs suggests buyers may have run out of steam.

A hidden ‘triple top’ in oil price charts suggests the rally has run out of gas

Source：MarketWatch

Disclaimer：Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top

Speaking at Ripple's conference, the U.S. Treasury Secretary said the SEC and CFTC action could help fill the gap left by the Clarity Act's failure, while…

How Broadcom’s stock can surge and overcome ‘the biggest dislocation in the market’

Broadcom’s stock has gone nowhere this year, but an analyst thinks it and other quality chip stocks like Nvidia will soon start trading at higher valuations.…

Quantum fears already limiting Bitcoin’s growth, Stacks founder says

Speaking on Cointelegraph’s Chain Reaction podcast, Muneeb Ali warned that uncertainty over Bitcoin’s quantum security could deter institutional investors.…

Robinhood's crypto revenue fell 55% from last year, but topped Street forecasts

Crypto trading volume fell 38% from yearago levels, but the firm's overall blockchain business gained traction. Source：CoinDesk

Source：https://www.marketwatch.com/story/a-hidden-triple-top-in-oil-price-charts-suggests-the-rally-has-run-out-of-gas-3743d5a1