The start of the Monday session looked quite promising, when the bulls moved north and pushed the price of black gold over $ 52. Here, however, their successes ended. The clash with the closest resistance showed their weakness (for the fifth time in a row), which lured their opponents and encouraged them to fight for lower oil prices. What are the technical implications of yesterday's decline?

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Another unsuccessful attempt to move higher encouraged oil bears to act during Friday’s session. What did their actions lead to? What can be the consequences in the coming week?

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Looking at the crude oil chart from today's point of view, we can see that the general situation in the short term has not changed since the beginning of the month. When can we expect a breakthrough?

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Although the price of black gold moved higher after yesterday market’s open, happy moments of the buyers didn’t last too long. What happened? What can yesterday's price action do for oil bulls in the coming days?

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On Tuesday, crude oil gained 1.27% and re-tested the major very short-term resistance. What conclusions can we draw from this price action?

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