WTI falls below 200 SMACrude Oil FuturesNYMEX_DL:CL1!FOREXcomOil has broken below its symmetrical triangle pattern and recently fell beneath the 200 SMA, dropping to a four-month low of $72. Sellers will look to extend losses towards $69, the March low. Below here, attention could turn to $62. Any recovery would need to push back above the 200 SMA at $73.70. A rise above this level brings $80 into focus, the 61.8% Fibonacci retracement of the $55 low and $120 high. A move above $80 would bring $88 into focus, the 50% Fibonacci retracement. FC