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Brent Oil - Murrey math lines: Brent, S&P 500
07-06-2024 02:10
S&P 500 quotes are in the overbought area on D1, with divergence on the RSI. In this situation, the price is expected to breach the +1/8 (5312.5) level and decline to the 8/8 (5000.0) support level. The scenario could be cancelled by a breakout of the +2/8 (5625.
Crude oil prices today: WTI prices are up 1.28% YTD
WTI oil has an American Petroleum Institute gravity of 39.6 degrees, considered “light.” WTI also has a sulfur content of just 0.24%, making it very “sweet.” WTI crude oil is typically the benchmark for U.S. oil prices in the trading world.
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