The third quarter of the year is behind us. During the last three months, crude oil declined from the 2014 high of $107.68 to its lowest level since Apr 23, 2013. The commodity lost almost $20 in that period of time, but the previous month was not the worst for currency bulls. In September, light crude dropped by less than $5 and managed to hold above its low of $90.43 for almost three weeks, despite surging dollar. Yesterday, the situation has deteriorated significantly as crude oil declined sharply, hitting a fresh multi-month low of $88.18. As it turned out in the following hours, this deteriration was only very temporarily as the commodity almost immediately invalidated the breakdown not only below the recent lows, but also under the key support zone created by the long- term support line and the 61.8% Fibonacci retracement level. At this point, some of you are probably wondering what does it mean for crude oil? If you want to know our take on this questions and find out what does the ratio between crude oil and the USD Index say about future moves, we invite you to check out our Oil Investment Update. Have a nice read.

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From today’s point of view, we see that the situation in crude oil has deteriorated since our last Oil Investment Update was published. Although WTIC didn’t lose in August as much as in July (the commodity dropped by 1.85%), we saw a decline that took light crude to a fresh multi-month low of $92.50. With this downward move, crude oil declined below the long- term support line and the 200-week moving average, approaching the 2014 low of $91.24. This is the point where you’re probably wondering whether this support will withstand the selling pressure or not. Are there any technical factors on the horizon that could drive the price higher or lower in the coming days and weeks? Will the oil-stocks-to-oil, stocks-to-oil and gold-to-oil ratios give us more clues about future moves? If you want to know our take on these questions, we invite you to check out our Oil Investment Update. Have a nice read.

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Without a doubt, July was the worst month for crude oil since the beginning of the year. It spent months climbing slowly from the January low of $91.24 to the 2014 high of $107.68 and then the commodity gave up over 60% of earlier gains in just seven weeks. The latest round of selling triggered a sharp decline below the long- and medium-term support lines, the 200-day moving average and the psychological barrier of $100, which turned the medium- and the short-term outlook to bearish. In the recent days, crude oil reached a very important support zone created by the March low and the 61.8% Fibonacci retracement. Where the commodity will head next: north or south?

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The end of the first half of the year, the second quarter and June are behind us. The confluence of these events has encouraged many analysts to summarize. Without a doubt, it was a quite good time for crude oil. Since the beginning of the year, light crude climbed from the Jan. low of $91.24 to a nine-month high of $107.68 in the previous month. Has the commodity started a long-term bull market? Or maybe we should be less optimistic and treat this improvement only as a bigger correction before the next downward move? What impact could it have on the oil stocks? If you want to know the answers to these questions, we invite you to read this month’s Oil Investment Update.

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May was another good month for oil bulls. During that time, crude oil gained 3.20%, came back above the long- and medium-term resistance lines and climbed to its highest level since mid-April, hitting a five-week high of $104.50. However, at the end of the month, light crude gave up some gains and declined below the resistance zone, which resulted in a verification of the breakdown and a drop below $103 per barrel. The first day of the new month was also positive for oil bears. Will light crude drop any further in the nearest future? Is it possible that the oil-stocks-to-oil ratio, crude oil priced in "other currencies" and the USO ETF charts will give us some interesting clues? What is the current technical picture for the oil market? We invite you to check our Oil Investment Update. Have a nice read.

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