On Wednesday, crude oil gained 5.33% as a combination of another drop in crude oil inventories and unexpected OPEC deal supported the price of the commodity. In this environment, light crude bounced off important support lines and approached Sep highs. Will oil bulls manage to push crude oil higher in the coming week?

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On Tuesday, crude oil gave up the gains after Saudi Energy Minister told that he does not expect that OPEC producers would find a compromise. This comment disappointed market participants and pushed the price of the commodity to the key short-term levels once again. Another verification of earlier breakouts?

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On Monday, crude oil gained 3.26% on hopes that a freezing deal between major crude exporters will be reached. As a result, light crude bounced off support area and erased almost all Friday’s losses. What’s next?

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On Friday, crude oil corrected earlier gains after report that Saudi Arabia did not expect a freezing deal between major crude exporters. Thanks to this news, light crude moved lower and reached the previously-broken levels. Where will the commodity head next?

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On Thursday, crude oil extended gains as the bullish EIA weekly report continued to weigh on investors’ sentiment. As a result, light crude gained 2.16% and closed the day above $46. Where will the commodity head next?

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On Wednesday, crude oil gained almost 3% after another decline in crude oil inventories. Thanks to these circumstances, light crude invalidated earlier breakdowns and closed the day above the 50-day moving average. What does it mean for the commodity?

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On Tuesday, crude oil wavered between small gains and losses as uncertainty around the U.S. weekly crude and refined products stockpiles weighed on investors’ sentiment. Will we see a breakthrough in the coming days?

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Although crude oil moved higher after the Monday’s markets open, the first resistance stopped oil bulls, triggering a pullback. What does it mean for the commodity?

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Crude oil has been moving back and forth for a few weeks now, which is in tune with what we’ve been expecting to see, but since it now moved to the rising support line (based on February and August lows, things may have changed. Was this really the case?

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On Wednesday, crude oil extended losses as disappointing EIA weekly report affected negatively the price of the commodity. As a result, light crude lost almost 3% and slipped under the short-term support line. How low could crude oil go in the coming day(s)?

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On Tuesday, crude oil lost 3% as the International Energy Agency cut its forecast for global oil demand. In this environment, light crude erased almost all Monday’s gains and dropped under the 50-day moving average. What does it mean for the commodity?

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Crude oil has been moving back and forth in the past few weeks and nothing really changed in the outlook. What was likely at the beginning of September is still likely today and our previous analysis remains up-to-date. It continues to be very likely that crude oil will move to a certain price level before the bottom is in and before long positions are justified.

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On Friday, crude oil reversed and declined as a stronger U.S. dollar and a disappointing Baker Hughes report (it showed that the number of rigs drilling for oil in the U.S. increased by 7 to 414) affected negatively investors’ sentiment. As a result, light crude lost 3.65% and closed the day under the previously-broken resistance line. Is it enough to encourage oil bears to act in the coming week?

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On Thursday, crude oil moved sharply higher after the EIA report showed a larger-than-expected drop in crude oil and gasoline inventories. Thanks to these bullish numbers, light crude gained 4.66% and climbed above two important resistance lines. Is it enough to trigger a rally to $50?

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