Although crude oil moved higher on Friday, the major resistance zone continues to keep gains in check. Will it withstand the buying pressure in the coming days? Is it possible that the relationship between crude oil, oil stocks and the general stock market will give us valuable clues about black gold future moves?

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Earlier today, crude oil futures extended yesterday gain and hit a fresh November peak. Will crude oil follow them later in the day? How high could black gold go in the coming days?

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Although verification of the last week breakdown under important resistance line pushed black gold under $56, oil bulls didn’t give up and triggered a pullback. What does it mean for light crude? Will the relationship between crude oil and oil stocks give us more clues about future moves?

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On Friday, crude oil moved sharply higher and erased the last Tuesday decline, but did this increase change much in the short-term picture of black gold?

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On Thursday, the overall situation in crude oil hasn’t changed much as the commodity wavered around the January peak. Will the relationship between black gold and the general market give us more clues about future moves?

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