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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Crude oil rallied on Friday and it moved higher in today’s pre-market trading as well. Will we see a breakout to new 2018 highs shortly?

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A drop, a rebound and a pullback – this is how we can summarize Thursday session. If we add to the above a glance at the volume, the question arises: what has really changed?

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Despite successful Monday’s breakout above the line of the neck of the pro-growth formation and Tuesday closure above this resistance, oil bulls capitulated during yesterday's session. Lack of forces to maintain gained levels resulted in a very negative signal.

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Yesterday, black gold finished the day 0.28% above the Monday closure, but another warning signal appeared and oil bears can use it for their plans in the coming days.

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The beginning of the week brought a long-awaited breakout above several bearish lines that blocked the road northwards from many weeks. Everything looks pretty encouraging - especially if you are a bull. For sure everything?

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