LOTS of technicals to follow on this chart.
Early this year there was a BUY signal, the recent
"Double Top" Sell signal.
Next levels to be tested: 50ma/ 38.2%
Fibonacci Retracement $64 followed by 200ma $57 level. Note* With the US Dollar @ 80~ Oil 7 months ago was in the mid $40s
*Click on chart to enlarge image
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