Daily Technical Spotlight - Dec. Nymex Crude Oil

Bears have momentum to suggest more sideways-to-lower trading in the near term......»»

Bulls agin firm near-term technical advantage after bullish upside "breakout" from trading range......»»

Bulls have firm near-term chart advantage to suggest chanllenge of summer time highs......»»

Bulls have solid overall near-term technical advantage amid price uptrend......»»

Bears in solid control as steep price downtrend in place. The market is now short-term oversold and due for a decent corrective bounce soon......»»

Bears still in firm control as price downtrend remain in place. Some normal short covering seen. Still no strong, early clues market bottom is close at hand......»»

Bears still in firm control amid price downtrend. Long-term support around $42.00 may have stopped the slide, but too soon to comfirm such......»»

Price uptrend in place but bulls need to show fresh power soon to keep it alive......»»

Bulls regain some momentum amid recovery from Monday's solid losses. Price uptrend remains in place......»»

Bears have solid near-term technical adbantage. More good price strength late this week would suggest a market bottom is in place......»»

Bears still have power to suggest more pressure and the price downtrend coutunuing. But good gains yet this week would suggest a market bottom in place......»»

Bulls fade rgus week as price uptrend line negated. Bulls need to step up and show power ro aviod serious near-term chart damage being inflicted......»»

Bulls lose overall near-term technical advantage and bears have momentum to suggest more pressure this week......»»

Bulls have slight overall near-term technical advantage amid choppy trading this week. Bulls need to show more power soon to keep their technical edge......»»

Bulls have overall near-term technical advantage but trading turns choppy again......»»

Bears still have firm overall near-term technical advantage. Some normal short covering seen recently......»»

Price downtrend in place. Bears have firm technical advantage. Path of least resistance remains sideway to lower in near term......»»

Bulls again technical strength amid safe-haven demand for U.S. Treasuries. Strong upside price action suggests near-term market bottom in place......»»

Bulls have near-term technical advantage as prices push above resitance area to set 2.5-mo. high......»»

Bears regain control of the market, to suggest more downside price pressure in near term......»»