Crude oil soared higher yesterday, breaking to new 2018 highs. But, amid this volatile and exciting action, something else also took place that will likely catch many investors by surprise.

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The price of crude oil declined early yesterday, only to move back up before the end of the session finally closing almost 0.5% higher. What are the implications of such reversal? Is the decline already over?

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Despite several attempts oil bulls didn’t manage to push the price of crude oil above the upper border of the rising trend channel in recent days. This show of weakness encouraged their opponents to comeback and act, which resulted in a bearish development that could have serious consequences for the short-term picture.

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A fresh 2018 high, an unbroken resistance and negative divergence. What does this interesting mix tell us about oil bull’s strength and further increases?

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Wednesday’s breakout brought a fresh 2018 peak, but crude oil didn’t extended gains during yesterday’s session. Is this a sign of weakness or just the calm before the storm?

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