Looking at the current price level of crude oil, we can summarize the previous month in one simple sentence: return to the starting point. The beginning of April was very promising. At that time, oil bulls started their charge using technical and fundamental factors, which resulted in a 2-week rally and a 6-week high of $104.99. Despite this improvement, they lost their steam in the second half of the month, which fueled a selling pressure and triggered declines. As a result, the commodity dropped below the key level of $100 and we noticed significant technical changes in the short-term picture of light crude. Did they also affect the medium-term outlook? What’s next? Are there any fundamental factors that could drive the price of crude oil higher in the near future? Is the final bottom of the recent corrective move already in or not? If you want to know our take on these questions, we invite you to check out our Oil Investment Update. Have a nice read.

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From today’s point of view, we see that the situation in crude oil hasn’t changed much since our last Oil Investment Update was published. Although light crude declined in the first half of March and hit a monthly low of $97.37, the commodity reversed and erased 61.8% of earlier losses in the second half of the month. Despite this improvement, April started very badly for oil bulls. Crude oil has lost 2.25% since the beginning of this month and dropped below important supports. What is the current technical picture for the oil market? Can oil climb higher in the nearest future? Would this result in higher levels of the oil index? If you want to know our take on these questions, we invite you to check out our Oil Investment Update. Have a nice read.

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February was another good month for oil bulls. During that time, crude oil gained 5.44%, broke above the long-, medium and short-term resistance levels and climbed to its highest level since September, hitting a fresh 2014 high of $105.22. However, at the beginning of March, light crude gave up the gains and declined sharply, which resulted in a drop below $100 per barrel. Will light crude drop any further in the nearest future? Is it possible that the oil-stocks-to-oil ratio will give us some interesting clues? What is the current technical picture for the oil market? We invite you to check our Oil Investment Update. Have a nice read.

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From today’s point of view, we clearly see that the beginning of the year was hard for oil bulls. In the first week of January, crude oil extended losses and hit a fresh seven-month low of $91.24. Despite this drop, the situation improved in the coming weeks as light crude invalidated an important breakdown and erased almost 38.2% of the entire Aug.-Nov. decline once again (and more than 75% of the Dec.-Jan. decline). Thanks to this upward move, crude oil closed the month above $97 per barrel. What’s next? Will we see another attempt to move above $100? What happened at the same time with oil stocks? Is it possible that the oil-to-oil-stocks ratio will give us some interesting clues? If you want to know our take on these questions, we invite you to check out our Oil Investment Update. Have a nice read.

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The recent month was good for oil bulls. After three consecutive months of losses, light crude rebounded and erased 38.2% of the entire Aug.-Nov. decline. With this upward move, crude oil also broke above the psychological barrier of $100. Nevertheless, this improvement didn’t last long. At the end of December, oil investors took profits, which started the current decline. Did this drop change the outlook for crude oil? What’s next? Can light crude climb higher in the near term? Is it possible that the non-USD (WTIC:UDN ratio) chart of crude oil will give us some interesting clues? If you want to know our take on these questions, we invite you to check out our Oil Investment Update. Have a nice read.

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