After rising for two consecutive days at the back end of last week, crude oil made a negative start to the new week. In early European trade, oil prices were down as much as 0.9%. But by afternoon trading, prices had turned positive on the session, and judging by what I consider as constructive price action in the last few weeks, a bullish breakout looks more probable than a sell-off from here. The US markets are shut on Monday for Presidents' Day, and the upcoming week lacks significant macroeconomic events to closely monitor. However, attention will turn to China's return from a week-long holiday, which should ... (full story)