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Similarity to December 2016
January 12, 2018, 9:29 AMOn Thursday, crude oil extended gains, which approached the commodity to the level of $65 per barrel. But is the undertone of the whole session as positive as it might seem at the glance?
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Crude Oil - How High Is Too High?
January 11, 2018, 9:29 AMOn Wednesday, black gold hit a fresh 2018 high after the EIA released an inventory report, which showed another weekly decline in crude oil stockpiles. Additionally, U.S. crude oil production decreased, encouraging oil bulls to act. How high could the commodity go in the coming days?
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May 2015 High Defeated – but for How Long?
January 10, 2018, 10:27 AMYesterday, oil bulls broke above the May 2015 high, but can we trust this breakout?
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Uncertainty around Crude Oil’s Next Move
January 9, 2018, 9:28 AMAlthough crude oil moved a bit higher on Monday, the previously-broken resistance line and the May 2015 high continue to keep gains in check. Will they withstand the buying pressure in the coming days?
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Have Oil Bulls Already Lost Their Power?
January 8, 2018, 9:24 AMOn Friday, oil bulls pushed crude oil only 14 cents above the opening price, which showed their weakness. As a result, their opponents came back and took control, taking the price of black gold below $61.50. Thanks to these circumstances, light crude lost 0.92%, but is this the end of declines?
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