Muted session threatens to disturb US crude oil's ongoing uptrend

Stable at $76.32 and still trending upwards, Today's session might suggest a slow down — WTI crude trades at $76.32 per barrel, after ending Friday at $76.32.

United States Core Durable Goods Orders is next.

Crude Oil's upper Bollinger Band® is at $80.27 and the lower is $73.43.

Despite muted price action in WTI crude, chart analysis indicates it is positioned for a bullish run in the short term.

Meanwhile, mixed performances are seen in other Energy as Natural Gas is up 3.06%. Heating Oil moves 0.55% to trade around $2.81.

Moreover, United States Core Durable Goods Orders is projected to outperform its last figure with 0.1%. It previously stood at -0.2%; data will be released today at 13:30 UTC. Today at 15:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 1% from the preceding figure of 2.5%. United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released tomorrow at 15:00 UTC.

Approximately 11 months ago, West Texas crude reached a significant high of $124.77 but has struggled to hold onto its gains and declined 38.83% since then.