Crude-oil futures haven't been this overbought since 1990. That doesn't mean the rally is over.

Core Insights - A momentum indicator for crude futures has reached its highest level in 36 years, indicating strong market activity and potential bullish trends in the crude oil sector [1] Group 1 - The current momentum indicator suggests that the crude oil market may be experiencing significant upward pressure, which could lead to further price increases [1] - The phrase "overbought doesn't mean over" reflects the sentiment that despite high momentum readings, prices may continue to rise before any correction occurs [1]