Friday’s close doesn’t offer many hints at first sight. Where can the bulls find support for oil price to move up? Or is it the bearish outlook that is justified here? Please accept our invitation to find out the rich details.

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Yesterday, it was the bears who scored big against the bulls. The momentum looks to be on their side but black gold is trading higher today. Will the bulls close the week on a strong note? See for yourself what kind of action is advised to take now.

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Yesterday, the sellers were eventually rebutted and black gold closed the day slightly up.  Do the bulls have a reason to celebrate and look to better days ahead? How likely is the return of the bears and lower prices? Or is it actually a sideways trading range only?

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Another day, another attempt to move lower. Looks like a rather successful one. Where are the buyers? Let’s take a closer look to examine the most up-to-date developments.

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Yesterday we witnessed a good attempt to move to the downside. The sellers were partially rebutted. How did the big picture stand the test of yesterday and what are we to do about it?

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