Ladies and gentlemen, we have a breakout. Oil bull's determination pushed the price of crude oil not only to a fresh high, but also above an important resistance zone. Is the road to the north already open? Or maybe the happy run of the buyers will end up in the coming days? Check out what the charts tell.

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In recent days, oil bulls have accustomed us to fresh peaks. However, when we look more closely at the volume, their actions lose some of the glow. When we add the picture, which emerges from the relationship between crude oil and precious metals, doubts about the strength of the rally are getting even bigger. Is it possible that this interesting link tell us more about the future of black gold?

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Yesterday’s session brought a fresh peak in crude oil. The buyers showed strength once again leaving their rivals far behind. However, there is one small detail that creates a scratch on this very nice increase. What do we mean?

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Good days, bad days, declines, increases ... and the oil market life goes on. Looking at yesterday’s price action, we can summarize it one statement: Tuesday’s session belonged to oil bulls, who dictated conditions of the game almost from the beginning until the end of the day. Thanks to their determination black gold returned above the level of $ 70 with the major question: will we see higher prices of light crude in the coming days? What do we think about this question? We invite you to read today's alert.

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Although the price of black gold moved higher after Monday market’s open, the resistance area attracted the sellers, who showed their opponents that they do not intend to give up without a fight. As a result, crude oil lost 0.73%, but despite this “tiny” decline the very short-term picture changed. How? Check out today’s alert.

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