Let's recall our Friday's observations: (...) Crude oil futures extended gains, breaking above the upper border of the rising green trend channel during yesterday's session. This upswing took the futures right to the red gap. Let's see how this has reflected upon the daily indicators. They look quite extended, suggesting that the space for additional gains may be limited and that a reversal is probably just around the corner. Should it be the case, and the futures move lower from here, the first downside target for the sellers will be yesterday's green gap. If the bears close it, the next target will be the lower ... (full story)