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

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