Brent WTI Spread Hits 11-Year Wall and RSI Hits 2011 Highs

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The Brent WTI spread is testing resistance that has held for about 11 years, with monthly RSI at overbought levels last seen in 2011.

Razan Hilal, StoneX Media Market Analyst, walks through the Brent and WTI charts and how price reacted each time it reached this zone.

Brent crude oil is pressing yearly highs as weekly RSI nears overbought conditions last seen in March 2026. Israel's elections and the U.S. midterm elections may shift the oil premium, toward escalation or toward de-escalation and relief from Strait of Hormuz inflation pressure.

This content was created by an affiliate of FOREX.com and represents the views and opinions of the author/speakers, not the views and opinions of Forex.com, StoneX Group Inc., or its subsidiaries. The content has not been independently reviewed by Forex.com.

 

X: @Rh_waves

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