Crude oil pares some gains on the last trading day of the week on Friday. The prices stick around the $70 level after touching the YTD high at $70.50 in the previous session. At the time of writing, WTI trades at 69.97, down 0.18% for the day. {chart} On the 4-hour chart, WTI has formed a double top formation near the $70.50 mark, a bearish reversal formation. The formation induced some selling pressure and prices corrected till $68.50 in the spur of the moment. However, crude oil recovered swiftly to claim back the $70 key psychological mark. If WTI slips below the session’s low at $69.84 then it could retest the ... (full story)