WTI crude oil futures have been in a flying mode since yesterday’s trading session, recording a new four-month high around 59.32 today. The price is set to touch overbought levels according to the RSI indicator which is holding a shy below the 70 level, while the MACD is ready to post a bullish crossover with its trigger line in the 4-hour chart. Moreover, the price is hovering well above the Ichimoku cloud. Another positive extension could find resistance at the 61.45 barrier, where the market topped on November 2018, increasing bullish sentiment in the short term. More upside pressures could drive the commodity ... (full story)