End of rally? After four days of gains, West Texas crude is down 77 cents today

US crude oil is down to $78.91 per barrel, after ending Friday at $79.68. Overall, a 0.97% loss or 77 cents today.

Technical analysis trend indicators suggest that investors are seeking long positions as Crude Oil price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that WTI crude's upper Bollinger Band® is at $80.49 which indicates a further downward move may follow.

Overall, while WTI crude oil has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

In the meantime, negative performances are also seen in other Energy as Natural Gas is down to $2.71, losing 29.1 cents, after closing at $3 in the preceding trading session. Heating Oil is down to $2.87, losing 4.66 cents, after closing at $2.91 in the preceding trading session. Brent Crude Oil is trading around $85.04 (down 79 cents).

Furthermore, United States Fed Chair Powell testimony is scheduled for tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook is expected tomorrow at 17:00 UTC.

Over the past 11 months, WTI crude oil has retreated 36.14% from a noteworthy peak of $124.77.