ARTICLE SYNOPSIS...A strong bull market in 2007 took December crude to levels not seen since August 2006. Is it time for crude to come in?
ARTICLE SYNOPSIS...December crude oil has been in a downward spiral for the last month-and-a-half. Though the contract failed to confirm a bottom last week, there were some positive technical developments on Monday.
ARTICLE SYNOPSIS...December crude oil has been stuck in a week-long trading range since selling off late last month. A break out of this trading range will determine whether or not prices continue their downward trend.
ARTICLE SYNOPSIS...December crude oil broke out of a bearish rectangle formation early last week. However, the contract bounced off a key retracement level, which could signal a potential bottom in crude oil prices.