Yesterday's oil trading doesn't give much reason either to the bulls or the bears to celebrate. By itself, it really doesn't. Viewed from a bit longer perspective however, we're able to judge the oil price prospects going forward. Let's see how we see the odds for the next move placed right now.

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It looks like oil bulls have hesitated after Monday's ride higher. Certainly, they haven't been able to progress as fast and as smoothly as the day before. Today, the oil price action is also marked with.... yes, hesitation. Is this what running into a resistance looks like? Take a look at our actionable game plan.

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After a modest Friday's move, crude oil made quite an upswing on Monday. Could it be connected to the U.S. sanctions on Iran, those waivers ending? How far can the bulls make it in such an environment? Hold on, there're some formidable obstacles just ahead. Let's tell you about them precisely.

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Oil bulls are making up today for yesterday's disappointing performance. How far will their efforts carry them? Is there any change on the horizon in the key obstacles in their way? Judging the path ahead, we'll take an objective look together.

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With yesterday's action, oil bulls have made up for their bad day on Monday. And they may suddenly look to some as having the upper hand. Not that fast! There're still quite a few factors speaking up for the bears. Where does that leave us and the decision made? Let's explore the action together.

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