“Just keep in mind that while oil rallies, they tend to happen in the blink of an eye, oil sell-offs are just as quick,” the “Mad Money” host said.
He also said that the price of WTI crude broke through its trendline ceiling of resistance when Russia invaded Ukraine, while before it had an"If West Texas crude breaks down below $102, down about $10 from where it's currently trading, then we can potentially go back to the wedge.
The monthly Relative Strength Index is already overbought, he added."That tells Garner oil prices are already extended and vulnerable to a swift decline if traders are ever given a reason to change course."
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