Weekly Bearish MACD Divergence at Resistance RSI Overbought
Texas Oil may have a hard time breaking above the zone of 63-77 as the MACD has given us Bearish Divergence and Bearish Crossing along with that the RSI is at Mildly Overbought levels and we are at a clear Resistance zone. I wouldn't be surprised to see this make a corrective retrace down to 50s, 40s, or even the 30s which are where the next major supports are.