The first session of the week encouraged oil bears to another attack on the nearest support zone. Despite the initial success and a fresh October low, the buyers withstood their opponents’ pressure once again, blocked the way to lower levels and pushed the price of the commodity right under the barrier of $70. Do oil bulls have any solid technical arguments on their side to fight for higher prices of black gold?

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Although oil bulls triggered a rebound during Friday’s session, their opponents defended the previously-broken support/resistance level and caused a pullback. Is this a preview of further declines in the coming week?

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On Thursday, crude oil lost 1.49% and broke below two next supports, which doesn’t bode well for oil bulls. How low can the price of black go in the coming week?

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Wednesday’s session took the price of black gold under the major short-term support. What could be the consequences of this event in the coming days?

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On Tuesday, crude oil wavered between small gains and losses, but finally finished the day 0.20% above the Monday’s closure. Can this improvement be considered as the success of oil bulls?

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The first session of the week proved that despite the efforts of both the bulls and the bears, the lower line of the short-term rising trend channel and the combination of the previously-broken lines hold the price of black gold in a fairly narrow price range. When can we expect a bigger move in any direction?

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Although oil bulls took black gold higher during Friday’s session, their opponents showed quite quickly that they would not let them to take away the chance to form a pro-bearish candlestick formation and erased almost half of the earlier rebound. What’s next for the price of the commodity?

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Thanks to yesterday’s session crude oil lost 3% and approached the previously-broken barrier of $70. In this area oil bears met several other short-term supports, but are they stable enough to stop the sellers in the coming days?

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On Wednesday, bear's determination showed the buyer that the way to the north is not as open as it would appear after the first sessions of this week. Thanks to yesterday's price action, the oil dived over 2% and reached the first support, encouraging bulls to fight for a few points. Is the worst already behind the buyers or is it just an illusion?

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Yesterday, oil bulls extended Monday’s rebound and approached the previously-broken July peak. Does this comeback mean that oil bears have already lost their will to fight for lower prices of crude oil?

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Monday's session started very well for oil bears as the price of black gold dived almost to the level of $73. The next hours of the session, however, were not so pleasant for the sellers, because their rivals decided to fight. What were the consequences and what can we expect in the coming days?

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Although almost nothing changed in the price of black gold on Friday, we noticed that one more negative factor appeared. Will it encourage oil bears to fight for lower values of crude oil in the coming week?

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Crude oil rallied substantially earlier this week, but not yesterday. The price of black gold moved lower, invalidating the previous breakout above the July intraday high. Invalidations of breakouts are generally bearish phenomena. But was it also the case this time?

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At the beginning of the week oil bulls showed strength, which resulted in a climb to a fresh 2018 high, but will we see further improvement in the coming days?

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