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Oil and double top


Oil ended yesterday's session negatively after three winning sessions, recording the highest price of 69.35 since the end of last month.

Technical Comment: Oil is currently trading below the resistance level of 68.35. Prices may form a downward trend influenced by the "double top" pattern towards 67.25.

Comment on the Previous Analysis: Hit expected target of 68.40 - 69.35

Expected Daily Trend: Bearish below 68.35.


Important Levels:

Support: 67.50 - 67.25 - 66.55

Resistance: 68.35 - 68.85 - 69.35

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