On Friday, crude oil broke above two short-term resistances, which opened the way to higher levels. But is it really as wide open as it might seem at first glance?

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On Thursday, black gold gained 0.94% supported by a weaker U.S. dollar and comments made by United Arab Emirates energy minister, which resulted to a climb to two nearest resistances. Did yesterday’s increase change the short-term outlook for crude oil?

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Yesterday, crude oil gained 2.38% after the EIA report showed that crude oil inventories rose less than analysts' forecasts. In our opinion, that reaction was overdone in the light of other data. Why? We invite you to read today's alert.

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On Tuesday, crude oil wavered between small gains and losses, but finally finished the day slightly below Monday’s closing price. Did the bears lose their strength to fight or is it just gathering power for another downswing? If you want to know the answer to this question, read today’s alert and check our opinions on this issue.

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On Monday, oil bulls extended gains after Friday's invalidation of the breakout, which together with the buy signal generated by the Stochastic Oscillator suggest further improvement. A least at the first sight. But does watching the room through the keyhole give us a full picture of what's inside? We also think so, therefore, we invite you to analyze a broader picture of crude oil.

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