Looking at the crude oil’s behavior in the last days is hard to excite. Let’s be honest, it's even hard to count on a faster heartbeat as the price of black gold has been oscillating around $ 2 for almost a week. What must happen (from technical point of view) to finally trigger some action?

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On Friday, crude oil lost almost 1%, but there are several technical factors that raise some doubts about the strength of the bears. Will their opponents use them to push black gold higher in the coming days?

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Although crude oil dived on Tuesday, the following days brought rebound and erased earlier losses. Will oil bulls’ lucky streak continue? What will they have to face next week?

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During Friday’s session crude oil moved higher and almost touched the barrier of $70. Will this psychological resistance stop further improvement in the coming week?

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Although black gold moved a bit higher during yesterday’s session, the overall situation in the very short term doesn’t spoil any side of the oil market as crude oil is still trading in a narrow range (smaller than $3) between the April high and the early 2018 peaks. Who will take control in the coming days?

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