One day up, the other day down. How to make sense of the recent movements in oil? Have the bulls stopped the bearish onslaught yesterday or is there more downside to come? Any geopolitical news on the horizon that could spike the price? Time to turn to the charts instead and present you the odds of the next move.

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Oil bulls suffered another setback yesterday. It looks like a bit too many setbacks in recent days. Each price recovery attempt since the last week of April has fizzled out. It looks like it's the case of Monday's upswing, too. Let's consult the technical picture while weighing the odds of the next move. How does it affect our open position?

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Crude oil has had an eventful session yesterday. It has closed the opening gap and the bulls have been building upon their gains till the session's close. Earlier today however, the price appears to be rolling over and heading south. Is all hope for higher oil lost? The bulls have shown to be quite tireless. Can they pull a rabbit out of their hats shortly?

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Crude oil has taken the bulls for quite a ride last week. The direction has however been mostly down. Yet again earlier today, the bulls are fighting hard and retracing the opening gap lower. Can it mean a lasting improvement? Let's see the full details and what they mean for our open position.

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It looks like crude oil is set for a sizable weekly decline. After yesterday's plunge, the market looks to have stabilized today. But is it really so? In today's analysis, we're bringing you the details. We objectively reveal what to expect next. Either the bulls or the bears won't like it. Who do you think it'll be?

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