Oil : Retest or Major Breakdown WTI CRUDE OILTVC:USOILGivtrade_GroupMajor Geopolitical easing caused a 7% spike down. Question is , is this sustainable or is this just the retest before the next leg up. A battle between buyers and sellers is taking place and the winner in the short term is most higher the long term winner. After sellers managing to push price below 90$ for the Benchmark Brent , Oils price has now reached an important point , the 618% of the overall range , a main support line for Bulls. ` For bulls , the case is simple, a hold of current levels at 83.7$ will signify that the likely move down was just a retest , a cool off before price continues higher towards our liquidity targets at 93$ 96$ and 105$. For bears, 81$ is the first level to break below. Following that a break below 78$ will shift dominance to the bears side. As of now , buyers remain in control but things may change quick especially if geopolitical tensions further ease. Make sure to follow us to stay updated with live market updates.