Things are so volitile now with crude. Waiting to see how things work out in Venezuela. I'm sure others are too.

Nonetheless, I agree. According to the charts, crude is overbought. Might cause a sudden turn down, if it crosses the trendline.

Tuesday morning news:

Oil prices rise on Venezuela turmoil, Saudi support for OPEC cuts

https://www.cnbc.com/2019/04/30/oil-market-rising-us-and-opec-output-iran-sanctions-in-focus.html

Key Points

• Saudi Arabia says a deal between producers to withhold output could be extended beyond June to cover all of 2019.
• Venezuela’s opposition leader called on the military to back him to end Nicolas Maduro’s rule.
• BNP Paribas says it expected oil prices  “to rise in the near-term” as crude producers were “over-tightening the market.”

News from Monday:

Key Points

https://www.cnbc.com/2019/04/29/oil-market-trump-opec-output-us-iran-oil-sanctions-in-focus.html

• Oil prices steady after a sharp pullback on Friday triggered by comments from President Donald Trump. 
• Trump on Friday said he called OPEC and told the producer group to pump more oil to offset U.S. sanctions on Iran.
• Oil markets are already tight as OPEC and allies cut supplies and U.S. sanctions curb Iranian and Venezuelan exports.

US Crude oil inventories:

https://www.investing.com/economic-calendar/eia-crude-oil-inventories-75

Weekly US ending stocks of crude oil. 

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRSTUS1&f=W

Weekly ending stocks for unleaded gasoline. 

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WGTSTUS1&f=W

Weekly US ending stocks for distillate fuel oil(heating oil-especially used in the Northeast). 

https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WDISTUS1&f=W

All the energies have historically been very strong at this time of year!

https://www.seasonalcharts.com/classics_rohoel.html

Crude Oil

Current gas prices:

https://www.gasbuddy.com/GasPriceMap?z=4&lng=-96.591588&lat=38.822395