Oil RSI hits a 36-year high, but rally could still have legs

Crude-oil futures rose about 12% on Friday and are headed for a record weekly gain of over 35% as Iran-related supply fears mount. The Relative Strength Index climbed to 88.94, a 36-year high, signaling an overbought condition; yet history shows such readings have preceded further rallies rather than reversals, suggesting a near-term pullback is possible but the overall rally could continue if momentum remains strong.