On Thursday, crude oil lost 4.13% as a stronger U.S. dollar weighed on the price. As a result, light crude slipped below its major support line and closed the day under $50 once again. What’s next?

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Although crude oil moved lower after the market’s open weakened by a bearish EIA weekly report, the commodity rebounded sharply as the combination of positive Chinese data and Saudi Arabia's oil minister commentary supported the price. Thanks to these circumstances, light crude invalidated the breakdown below its major support line, but is it as bullish news as it seems at the first sight?

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On Tuesday, crude oil lost 0.45% as ongoing worries over a supply glut in the U.S. pushed the price down. In this way, light crude slipped below its key support line and closed the day below it. Does it mean that lower values of the commodity are still ahead us?

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On Monday, crude oil lost 2.70% as ongoing concerns over a supply glut and a stronger greenback weighed on the price. As a result, light crude extended declines and tested its key support line. Will it withstand the selling pressure in the coming days?

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On Friday, crude oil lost 2.72% as slowing cuts to rig counts and historically high U.S. supplies weighed on the price. In these circumstances, light crude declined, invalidating earlier breakout above the resistance levels. Does it mean that we’ll see crude oil below $50 in the coming days?

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Although crude oil slipped below $50 after the market’s open weakened by another record high in crude inventories, the commodity rebounded later in the day as investors digested the EIA report. As a result, light crude ereased most of Wednesday’s decline and closed the day above $52, but did this increase change the short-term picture?

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On Wednesday, crude oil lost 5.18% as worries over a supply glut and slow demand weighed on the price once again. In these circumstances, light crude declined sharply to slightly above $50, invalidting earlier breakouts. Will we see the commodity lower in the coming days?

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Although crude oil moved lower after the market’s open weakened by concerns over the situation in Ukraine and Greece, the commodity rebounded as weaker U.S. dollar supported the price. As a result, light crude gained 1.08% and climbed above an important resistance, but is it as bullish as it seems at the first sight?

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On Friday, crude oil gained 2.59% as weaker greenback and Baker Hughes’ report supported the price. As a result, light crude closed the week above $50 once again, but the commodity still remains under the key resistance zone. Will we finally see a breakout in the coming week?

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On Thursday, crude oil gained 3.84% as weaker greenback supported the price. In this way, the commodity rebounded and came back above $50. Will it be a sustainable return?

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On Wednesday, crude oil lost 2.98% after the EIA weekly report showed that domestic stockpiles hit record highs. As a result, light crude extended losses and dropped to the Apr 2009 lows once again. Will we see another rebound from here in the coming day(s)?

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On Tuesday, crude oil lost 2.80% as a combination of weak Chinese price data, and bearish reports from the International Energy Agency and the U.S. Energy Information Administration weighed on the price. In response to these circumstances, light crude declined, invalidating earlier breakouts and losing for the first time in four sessions. Does it mean that the recent rally is over?

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On Monday, crude oil extended gains after OPEC cut forecasts for global oil-supply growth in 2015. Thanks to this news, the commodity approached the last week’s high, but then reversed. Will we see a double top or further rally?

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On Friday, crude oil gained 2.79% as stronger U.S. jobs data and Baker Hughes’ report supported the price. As a result, light crude extended rally and closed the week above $50 for the first time since the beginning of the year. Will we see further improvement?

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On Thursday, crude oil gained 4.56% as a weaker greenback supported the price. In this way, light crude climbed above $50 once again, but did this increase change anything?

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