The charts are showing oil may have overextended higher, says Carter Worth

(Check out Carter’s worthcharting.com for actionable recommendations and live nightly videos.) With today’s further spike in WTI Crude Oil Futures , the sole unfilled down gap in the history of Oil markets back to the 1980s, has been filled. See two identical charts below. There is now only one unfilled gap, as all will know, and it is the up gap associated with the strike on Iran (five days ago) and the concomitant surge in Oil prices. This up gap, of course, will be filled in time, and we suspect sooner rather than later. Said gap is at 67.83 bbl. We’re sellers of Oil here. Oil… as of yesterday’s close… see the unfilled gap at $88.33 bbl. (Filled gaps - solid blue lines … Unfilled gaps -dotted red lines) Oil… right now… the gap has been filled. (Filled gaps - solid blue lines … Unfilled gaps -dotted red lines) DISCLOSURES: None. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.