On Thursday, crude oil extended losses and broke below the mid-August lows. How low could the price of black gold go in the coming week?

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Wednesday’s session took crude oil under two long-term supports, which deprived the bulls of solid allies. Are there any technical factors that can save them from further losses in the very near future?

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Although oil bulls managed to invalidate yesterday’s breakdown under short-term support, the broader picture of black gold doesn’t look encouraging. Why today's session may turn out to be crucial for the near future of crude oil?

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Monday’s session took crude oil to two important supports, which encouraged oil bulls to act in the previous week. Will they be strong enough to trigger another rebound from current levels or maybe a fresh low is still ahead of us?

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Re-test of the lower line of the trend channel, invalidation of the breakdown under one of the moving averages and positive weekly closure – this is how we can summarize the last session of the previous week. What are the implications of these events?

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