On Tuesday, crude oil lost 2.47% as a stronger greenback pushed the price lower. As a result, light crude extended losses and broke below important support line. What impact could it have on future moves?

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Although crude oil moved higher after the market’s open on news that Saudi Arabia cut diplomatic ties with Iran, the commodity reversed and declined in the following hours. As a result, light crude lost 0.51% and invalidated important breakouts. How did this move affect the short-term picture?

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Although light crude moved higher and gained 0.65% on Thursday, the key resistance zone withstood the selling pressure, triggering a small pullback. Will we see further deterioration in the coming days?

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On Wednesday, crude oil lost 1.34% after bigger-than-expected build in crude oil inventories. As a result, light crude slipped to its first support line and closed another day under $37. Is it enough to encourage oil bears to act?

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Although crude oil moved higher yesterday, the key resistance lines continues to keep gains in check. What does it mean for the commodity? Will the oil-to-gold ratio give us more clues about future moves?

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