Crude oil bulls are attempting a comeback early in the week. Can they pull a rabbit out of their hats? Carefully examining the situation, we have the answer to that question. It’s great to share the rich details. In the format you are used to – on time and highly actionable.

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Friday – what a day in the crude oil market. We saw another feeble attempt to move higher only to meet the fate of a resounding reversal down. Is this it? What else can we expect from the bears in the coming days? Let’s dive right in.

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Crude oil made yesterday another hesitant move higher. Also yesterday, we mentioned here the saying regarding gravity. Sometimes, it takes patience for the underlying forces to win out. Or, doesn't the oil market rather remind you more of a coiled spring actually? Accordingly, what is the position favored most by the odds right now?

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There is a saying – what goes up must come down. In the oil market, we have witnessed the opposite yesterday, as oil headed higher and our subscribers were prepared in advance for this very real possibility. The saying implies that forces of gravity eventually win out. The $64,000 question is which way this formidable force is positioned in the oil market right now. We invite you to take a closer look and be also prepared.

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Yesterday, both the oil bears and bulls took a pause. Also yesterday, we asked here whether the bulls have an ace up their sleeves or not. Today’s upswing looks like one. Is that really so? Does it change the big picture and influence our trading outlook anyhow?

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