Thoughts on the CL pullback and the 70 psychological level

Watching $CL today, it's interesting to see it bounce off the 68.33 lows and head towards the 69.17 daily high. It feels like everyone is fixated on the $70 psychological level, but I'm wondering if that's more of a self-fulfilling prophecy than a strong technical resistance at this point. Are we overthinking what's essentially just a round number in an otherwise choppy market? Curious to hear if anyone thinks there's real substance to 70 holding.