On Friday, crude oil gained 1.33% as better-than-expected U.S. data and worries over escalating tensions in eastern Ukraine supported the price. As a result, the commodity extended rally and reached an important resistance zone. Will it be strong enough to stop oil bulls?

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On Thursday, crude oil gained 0.97% as escalating tensions in eastern Ukraine and upbeat U.S. data weighed on the price. In this way, light crude broke above the upper line of the consolidation range. What’s next for the commodity?

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On Wednesday, the price of light crude wavered between small gains and losses after mixed the EIA weekly report. Because of these circumstances, the commodity still remains in a consolidation. Is this a sign of strength or rather the last stop before new lows?

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On Tuesday, the price of light crude climbed to an intraday high of $94.35 after better-than-expected U.S. economic data. Although the commodity gave us some gains in the following hours, crude oil gained 0.50%. Did this increase change anything in the very short-term picture?

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On Monday, the price of crude oil dropped to an intraday low of $93.05 after disappointing new home sales report. Despite unrest in Ukraine and in the Middle East, the commodity is still trading in the narrow range as oil continues to flow. Will we see another sizable move in the nearest future?

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