Oil’s Price = Pain At The Pump?

Oil has been on the go since late June, running from the upper $60s to more than $90 per barrel of late. Investors who missed black gold’s climb might be wondering if they’ve missed the move and how high can oil’s price rise. Let’s see what $WTIC (West Texas Crude Price chart has to say). Some profit taking could be in store as WTIC’s relative strength index (RSI) has been in overbought territory for most of September. An RSI score above 70, no matter the investment, typically attracts sellers. An initial selloff to $86, and maybe to the rising 50-day average of $81.77, would not be surprising in the near future. West Texas Crude could catch a bid at either and resume its march towards triple digits. Ninety-five to $100 might be the last technical checkpoint before oil potentially rushes towards its 2022 highs in the mid-$120s. Rich Meyers The post Oil’s Price = Pain At The Pump? appeared first on Edge on the Street. [Image] Here are Some More Investing Tips and Resources. Enjoy! Sponsored [Oil’s Price = Pain At The Pump?]( Oil has been on the go since late June, running from the upper $60s to more than $90 per barrel of late. Investors who missed black gold’s climb might be wondering if they’ve missed the move and how high can oil’s price rise. Let’s see what $WTIC (West Texas Crude Price chart has to say). Some profit taking could be in store as WTIC’s relative strength index (RSI) has been in overbought territory for most of September. An RSI score above 70, no matter the investment, typically attracts sellers. An initial selloff to $86, and maybe to the rising 50-day average of $81.77, would not be surprising in the near future. West Texas Crude could catch a bid at either and resume its march towards triple digits. Ninety-five to $100 might be the last technical checkpoint before oil potentially rushes towards its 2022 highs in the mid-$120s. Rich Meyers The post Oil’s Price = Pain At The Pump? appeared first on Edge on the Street. [Continue Reading...]( [Oil’s Price = Pain At The Pump?]( And, in case you missed it: - [11 Ways To Use Social Media To Up Your Stock Market Game]( - [Guesstimates on September 21, 2023]( - [How Is Web 3 Doing?]( - [LIFW Up 533.49% In One Week After Class Action Lawsuit Dismissal.]( - [3 Compelling Reasons to Start Buying Undervalued Amazon]( - FREE OR LOW COST INVESTING RESOURCES - [i]( [i]( [i]( [i]( Sponsored [Grow Your Wealth Faster Than Inflation]( In order to survive this economy, you’ve got to grow your wealth at a pace that moves faster than inflation rates. Here’s our strategy to beat inflation and you can have it for free. [Go HERE to see the Potential Investing Opportunity]( By clicking this link you are subscribing to The Wealthiest Investor News’s Newsletter and may receive up to 2 additional free bonus subscriptions. Unsubscribing is easy [Privacy Policy/Disclosures]( - CLICK THE IMAGE BELOW FOR MORE INFORMATION - [i]( Good Investing! T. D. Thompson Founder & CEO [ProfitableInvestingTips.com]() ProfitableInvestingTips.com is an informational website for men and women who want to discover investing and trading products and strategies to educate themselves about the risks and benefits of investing and investing-related products. DISCLAIMER: Use of this Publisher's email, website and content, is subject to the Privacy Policy and Terms of Use published on Publisher's Website. Content marked as "sponsored" may be third party advertisements and are not endorsed or warranted by our staff or company. The content in our emails is for informational or entertainment use, and is not a substitute for professional advice. Always check with a qualified professional regarding investing and trading guidance. Be sure to do your own careful research before taking action based on anything you find in this content. If you no longer wish to receive our emails, click the link below: [Unsubscribe]( Net Wealth Consultants 6614 La Mora Drive Houston, Texas 77083 United States (888) 983-9123