if price of $OIL does not break above $80.80 and hold the price there for long enough, we will have a confirmed Double Top, which can drop / retrace the price all the way back to $71 / $70 mark.
Double Top confirmed for $OIL, next stop, $72. If $oil keeps trading below the 20MA, proceeding to trade below the 50MA, we can see a retest of the $72 price range. Any break above the 20MA voids this analysis.
POSSIBLE retest of $68 before further upsides, based on next fib retracement.
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