Tresmann

The 69.50 tipping point

TVC:USOIL   CFDs on WTI Crude Oil
Take a look at the 69.50 zone.

After a second rejection bulls finally pushed prices higher forming a short term double top around 70.50. But once again 69.50 acted like a magnet pulling prices back down.
Personally i'm bullish above 70.75 and bearish below 68.75

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