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There will be blood. Oil & Energy stock observations on a Monday morning

The Market Ear Picture

Oil - welcome to overbought land

Brent is up around 10% as of writing (was higher earlier). Charting parabolic moves is pretty much impossible, but this is becoming very overbought. We haven't seen the RSI up here in a long time, but as we all know, over bought/sold can stay in "over" territory for long periods of time.