Crude oil declined significantly on Tuesday, but it didn’t continue do slide on Wednesday - we saw a rebound on relatively small volume. Is it time to get back on the long side of the market?

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Crude oil declined significantly yesterday, but was this move anything more than a brief correction? Was the decline justified from the technical point of view or was it just a blip on the radar screen and something that will be invalidated any day now? You’ll find our take in today’s alert.

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Crude oil moved higher yesterday but reversed direction and actually managed to close the session only a little higher, forming a reversal candlestick. Will crude oil plunge right away?

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On Friday, crude oil gained 0.49% as a weaker greenback supported the price. As a result, light crude bounced off the neck line of a bearish formation. Will we see further improvement in the coming days?

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On Thursday, crude oil extended Wednesday’s losses as the IEA report and worries over supply glut continued to weigh on investors’ sentiment. In this environment, light crude lost 0.68% and closed the day below $60. How low could the commodity go in the coming week?

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