On Wednesday, the price of crude oil moved higher, but the major resistance zone and the key resistance line continue to keep gains in check. Will this fact encourage oil bears to push the commodity lower in the coming days?

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Yesterday, crude oil moved sharply higher, which resulted in a comeback above the previously-broken important support/resistance lines. Did this increase change the medium-term picture of black gold? Will the non-USD charts of crude oil give us valuable clues about future moves?

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On Monday, crude oil wavered between small gains and losses, but finally closed the day just like on Friday. What can we expect in the coming days?

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On Friday, crude oil moved sharply lower and dropped not only below the barrier of $50, but also under previously-broken levels and lines, invalidating the earlier breakouts. In these circumstances, light crude lost 2.95% and confirmed a bearish top formation. What does it mean for black gold?

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Although crude oil gained 1.62% and came back above the previously-broken levels yesterday, the commodity reversed and declined sharply earlier today. How low could black gold go?

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