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.