Yet again on Friday, crude oil went higher. Is there a trend change simmering underneath? After all, black gold is at new 2019 highs. Let’s examine both the medium- and short-term changes and what we should better do about the outlook.

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Oil price upswing looks to be on. After all, the price went higher for three consecutive days. And it’s marginally higher in the pre-US session trading today. Let’s examine whether there are any cracks appearing below the surface. If so, do they look reliable?

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Yesterday was yet another day when the bulls took oil higher just to give up some gains before the closing bell. Today, they are making another run higher so far. Does it change the situation? Is it only the short-term one, or also the long-term one to reevaluate here? What is the likely course of action, what are we to do?

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The bulls took black gold higher yesterday but gave up some gains eventually. It looks inconclusive, this balance of forces in the last few days. On the surface, today’s action would not make one much smarter either. That is, if they didn’t know where to look. It’s time to share our take on the current situation.

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The bears won the day yesterday. Their gains were much larger, but still, they won. The bulls are taking serious revenge today. Does the current move translate into a change in outlook and what should we do in light of it anyway?

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