On Thursday, crude oil verified the earlier breakdown under the support zone, which opened the way to the previously-broken barrier of $60. Will oil bears be strong enough to push the commodity below it in the coming days?

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Despite several favorable technical factors, oil bulls have failed once again and allowed their rivals to push the price of the black gold to a fresh November low earlier today. Does this mean that the barrier of $ 60 is already in the range of the bears’ paws?

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Although the current levels of the daily indicators clearly show that reversal is just around the corner, oil bears managed to push the price of black gold even lower during yesterday's session. What ca we expect in the following days?

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On Monday, crude oil wavered between small gains and losses, but then finished the day only four cents below the Friday’s closure. Did the bears lose their claws? Or is it just the calm before the storm?

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The first sessions of the new month were unfortunately not too favorable for oil bulls. Thanks to the determination of their opponents, the price of black gold fell below $ 65, the mid-August low and even under the minimum from June. Will this negative combination of factors be enough for the bears to dominate on the trading floor in the coming week?

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