Thursday’s session revealed oil bulls’ weakness, which was quickly used by their rivals. The sellers' attack contributed to the price drop below $ 69, but are all pro-growth plans already lost?

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During the last two sessions, oil bulls showed their prowess, which resulted in the erasure of almost entire last week's downward move and the return to the major short-term resistance zone. Is it enough to go higher? Are there any technical factors that can help them during the next few days?

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Although Tuesday's price action could surprise many fans of oil bears and further drops in crude oil prices, three unsuccessful attempts to break below the lower border of the rising tend channel quite loud and clearly suggested that another upswing was just around the corner. What does yesterday's rise mean for oil and why is it worth observing the price of the commodity more than usual around September 24/25?

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At the end of the previous week, the combination of two supports managed to stop the sellers two times in a row and saved the short-term outlook. Yesterday, oil bears re-tested them once again. Is there anything that can encourage the buyers to act and push the price of black gold to higher levels in the following days?

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Despite the fact that oil bears attacked quite quickly after the opening of the Friday session, the buyers didn’t give up and used the closest supports to stop the price drop. Thanks to their determination, black gold erased almost all session’s losses and closed the first September week above important levels. What last week's fall can mean for oil?

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