Yesterday's oil session marked a bearish reversal. On the other hand, the bulls have opened today strongly. Yet, they've gone nowhere. So, is the glass half full, or half empty? In other words, what kind of a resolution of the current chart situation is the most probable one?

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The bulls closed yesterday on a strong note. And today, they're grappling with another resistance level. Will they succeed? Or will the bears return to the trading floor soon? Let's take a look at the chart to assess the odds.

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The bulls turned the tide on Friday, and are making a strong showing earlier today. Yet they have to grapple with several nearby resistances, the latest peaks being one of them. Can they overcome the main obstacle on a closing basis?

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The bulls certainly made a strong run yesterday but didn’t finish the day on a strong note in the least. That’s an understatement, actually. They’ve given up almost all of their gains, closing below the many important resistances they’ve eyed to break above. Heavy selling followed earlier today, and the question is whether we can expect more downside...

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The bulls have positively surprised yesterday, taking black gold to a bunch of important resistances. Earlier today, they've been rather hesitant in tackling them decisively though. Or do they still have some power left? Today's crude oil inventories will provide the next move's catalyst, but which way exactly?

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