A provocative question surely. Crude oil seems to be building on yesterday’s gains today. Was the Saudi Arabia pledge a game changer? The clues keep mounting. We invite you to our assessment of all the technicals that we see in the oil market now.

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On Friday, black gold plunged only to make a comeback attempt. And today, it seems to be building on that and is currently trading at around its Thursday close. Is that the effect of Saudi Arabia pledging to extend its deep oil cuts? Let’s see how it all ties in with our oil market outlook – and with the decisions we make.

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Another movement up and down in oil. Recent days’ action feels like a seesaw. With no end in sight. Seemingly. Times like this try our patience. Armed with powerful analytical tools, we however assess the odds of the next move and plan accordingly. Not to be surprised by today’s slide and welcoming it as much as you do, it’s time to share today’s observations with you.

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Yesterday’s feeble price action might have easily slipped your attention. After all, the oil price hasn’t done much in terms of a movement on a closing basis. You could be forgiven for not drawing appropriate conclusions therefrom. We are here to help you do so that no significant clue goes unnoticed – however self-evident or subtle.

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The full saying goes like “It’s as interesting as watching paint dry”. Crude oil price apparently hesitated yesterday. Easily looks like a pause in the current… uptrend, downtrend or consolidation? One could be forgiven for being not clear if they didn’t know where to look. We do know and would like to share the answer with you now.

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