On Thursday, light crude moved a bit higher and closed the day above two very short-term resistances. Will this positive event be motivating enough for the buyers to break the major resistance line? How can the result of today's session affect the future of the commodity?

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The beginning of Wednesday’s session was not very good for oil bulls, but the support they received from the lower line of the consolidation encouraged them to fight and resulted in a return to last week's high. What can we expect in the very near future?

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Although crude oil finished another day inside the declining trend channel, it was not enough to close December above the 61.8% Fibonacci retracement. How can this show of weakness affect the fate of black gold?

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On Friday, crude oil wavered between small gains and losses, but finally finished the day 1.61% above Thursday closure. Did this “improvement” change anything in the overall situation of black gold?

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Strong Wednesday's rebound and return to the area of $46-$47 has awakened hope for higher prices in more than one bull. Unfortunately, yesterday's session showed that the determination of the buyers was smaller than it might seem at first glance and the price of black gold fell again below several important supports. What does it mean for the commodity?

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