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WTI broke $70.55 resistance with RSI above 70 signaling strong momentum but overbought conditions near support at $68.58
Brent approaches $78 resistance where a clean break could target the $84.70 zone with support established at $73.32
Traders might consider long positions on pullbacks to $68-70 for WTI or $73-75 for Brent with tight stops below support
Position sizing should be limited to 20-25% of capital given extreme volatility with 5-7% stop-losses recommended
Monitoring RSI divergence and volume patterns is essential for identifying potential reversal signals near resistance zones