In August, the black gold lost almost 6% and closed another month under many important resistance levels, which managed to stop oil bulls in the previous week. What’s interesting the last month’s decline materialized on huge volume, which raises some doubts about bears’ weakness. But can we trust this clue? Are there any bullish factors on the horizon, which could push the price of crude oil higher in the coming weeks? We invite you to check our Oil Investment Update. Have a nice read.

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In the previous month crude oil gained almost 9% as declines in crude oil, gasoline and distillates inventories continued to support the price of the commodity. In that environment light crude climbed above the psychologically important barrier of $50 and closed July above it. Despite this bullish development, the price of the black gold slipped below it at the beginning of August. Is this just a bigger pullback or the first sign of a longer correction? We invite you to check our Oil Investment Update. Have a nice read.

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Although crude oil bounced off the 2017 lows (supported by declines in crude oil, gasoline and distillates inventories) at the end of the previous month, the beginning of July brought renewed fears over the supply glut. Will the technical picture of the oil market and our interesting ratios give us valuable clues about future moves? We invite you to check our Oil Investment Update. Have a nice read.

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The beginning of the second half of the year and the third quarter of the year wasn’t good for oil bulls. The black gold noted a second straight week of losses (-4.30%) and closed Friday’s session below important support levels and $48. Will we see further deterioration and a comeback to the barrier of $40 in the coming weeks? Let’s examine the technical picture of the commodity and the current situation in our interesting ratios to find out. Have a nice read.

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In recent weeks crude oil came back below the barrier of $50, which triggered declines and resulted in a drop to almost six-month lows. Despite this move, oil bulls pushed the commodity higher, which resulted in an invalidation of the breakdowns under important support levels. Is it enough to trigger further rally in the coming weeks?

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