On Thursday, crude oil 1.36% as a stronger greenback continued to weigh on the price. As a result, light crude closed the session below $51 and at the lowest level since Apr. Will oil bears break below the barrier of $50 in the coming days? Let’s examine interesting ratios and find out.

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On Wednesday, crude oil declined sharply after the U.S. Energy Information Administration report. A stronger greenback pushed the commodity lower as well. Thanks to these circumstances, light crude lost 3.28%, erasing almost all Tuesday’s rally. What’s next?

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Although crude oil moved lower after the market’s open, weakened by a historic nuclear deal between Iran and six global powers, the commodity reversed and rebounded sharply in the following hours. In this way, light crude gained 2.61% and climbed to the key resistance zone. One-day rally or something more?

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On Monday, crude oil lost 1.53% as a stronger greenback pushed the commodity lower. What impact did this move have on the short-term picture?

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Last week crude oil price declined by more than 6% and the move materialized on high volume, which suggests that the decline is not over. However, almost entire decline took place early last week, and we saw some strength before the week was over. Is the decline over or close to being over?

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