Technical Talk: Oil Slips For Third Session

WTI Crude oil futures are in red today, sliding for a third strength session after testing three month highs. The counter topped out after a break above $ 66 failed to hold on and as the upper Bollinger Bands acted as a stiff resistance. Daily charts are indicating a double top formation now and next critical supports are placed at 62.60 (EMA20) and at 60.40 (EMA100).