On Thursday, crude oil shuffled between small gains and losses as investors weighed economic data from two largest oil consumer nations. Because of these circumstances, light crude has been trading in the narrow range. North or south? Who has more technical arguments?

• Read more

On Wednesday, crude oil gained 0.84% as the EIA report showed a larger-than-expected drop in crude-oil supplies. Thanks to this bullish news, light crude broke above the lower border of the rising trend channel and reached the key resistance line. What’s next? Are there any other encouraging signs on the horizon?

• Read more

On Tuesday, crude oil gained 0.80% as ongoing worries that geopolitical tensions in Ukraine and Libya will disrupt global supply supported the price. Thank to these circumstances, light crude climbed to a four-week high and broke above one of the medium-term resistance lines. Does this show of strength mean that oil bears lost all their technical arguments?

• Read more

On Monday, crude oil rose after the market’s open as the combination of a weaker U.S. dollar and ongoing worries over a supply interruptions from Russia and Libya weighted on the price. In this way, light crude climbed above $102, reaching the medium-term resistance line once again. Is it enough to trigger another sizable downswing?

• Read more

On Friday, crude oil gained 0.61% as strong U.S. economic data and ongoing worries over the crisis in Ukraine weighted on the price. Thanks to these circumstances, light crude came back above $102, but does this growth change the short-term outlook for the commodity?

• Read more