WTI traded up to a high of $66.55 earlier before falling to $65.58 now
Earlier reports of explosions and missiles in Saudi Arabia gave oil a bit of a boost on the back of heightened geopolitical tensions in one the world's largest oil producing countries (Russia vs Saudi debate, take your pick).
The nudge higher fell just short of testing this year's high posted in January at $66.66, but the decline thereafter is basically a failed test in an attempt to break above the high.
Oil prices have moved higher following a break of the recent wedge, but if the high continues to stall at January's high - it forms a double-top formation instead which is a bearish indicator.
For a look of oil seasonal patterns heading into April, you can check out this post here.
