On Tuesday, crude wavered between small gains and losses, but finally finished the day 0.63% above Monday’s closure. Despite this improvement, light crude closed yesterday’s session below the lower border of the trend channel. What does it mean for the black gold?

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On Monday, crude oil reversed and declined sharply, erasing most of Friday’s increase. How did this price action affect the technical picture of the black gold?

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On Friday, the black gold rebounded sharply and invalidated the earlier breakdown under the lower border of the trend channel. Is this the end of declines or trap?

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On Thursday, crude oil moved a bit higher after Genscape report suggested that oil inventories in Cushing, Oklahoma declined more than a million barrels in the week to August 15. In this environment, light crude bounced off the support area, but will we see further improvement in the coming days?

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Although the EIA weekly report showed a larger-than-expected decline in crude oil inventories, the price of the commodity declined sharply after news that U.S. crude oil production increased. Thanks to these circumstances, light crude lost 1.62% and closed the day under important support. What does it mean for the black gold?

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