Although crude oil hit a fresh 2018 high oil bears didn’t let their opponents to push the price of black gold significantly higher yesterday. As a result, the commodity pulled back and closed the day slightly above the January peak. Is this a verification of the breakout or first signal of upcoming bulls’ problems?

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Tuesday’s session took crude oil to the major resistance zone, which remains unbeatable since the beginning of the year. Did the bulls finally gather enough strength to push the price of the commodity above it?

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On Monday, crude oil bounded off the lower border of the rising trend channel, which resulted in a comeback to the resistance line, which stopped oil bulls several times in the previous week. What's next: verification of the breakdown or further improvement?

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Another invalidation of the tiny breakout was enough to trigger a sharp decline on Friday. What were the consequences of this movement and where did it lead the priceof black gold?

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On Thursday, crude oil wavered between small gains and losses, but finally finished the day 0.27% above Wednesday’s closing price. Will we see black gold under $62 in the coming week?

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