The oil bulls defended the support successfully yesterday, and managed to take oil higher earlier today. With some of their gains gone by now, the question is where next for oil in the current consolidation. Do the subtle technical signs favor the bulls or rather the bears? Let's find out what it means for our open position.

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With Friday's oil gain almost fully erased by now, where next for black gold? Is it about to roll over to the downside again? Have we been right in pointing out early Friday that the decline might very well be far from over? Let's find out.

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Trump's tariff threat hasn't served oil prices well. They folded like a cheap suit. While they're rebounding today, the decline could very well be far from over. How likely is that? Let's find out.

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Oil has been trading slightly higher over a few recent sessions. As the Fed indicated yesterday it's not embarking on an easing cycle, the policy move means a cold shower for global growth prospects. Black gold has reacted accordingly, leading us straight into a new trading decision.

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The oil bulls eventually proved their mettle yesterday, leading black gold over important resistances just ahead. The short-term outlook appears to have shifted and the daily indicators have a thing or two to add on that matter. Let's explore the full technical picture.

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