US crude oil is growing its five-day winning streak by closing at $79.85, gaining $1.69.

A quick look at yesterday: West Texas crude rallied $1.69 (2.16%) deep into the session, closing at $79.85 per barrel.

At the same time, United States ISM Non-Manufacturing PMI (Feb) came out at 55.1, while a consensus of analysts was expecting 54.5. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 224,200, while the previous figure was 243,800. Fresh CFTC Gold speculative net positions data from United States came out at 128,800.

Crude Oil is $1.37 away from testing key resistance at $81.22. Peaking above this level could inspire market bulls and open the path to further gains. Despite posting gains on yesterday, West Texas crude slid below its 50 day Simple Moving Average at $77.62 during the last session — an early indicator that a negative trend could be emerging. WTI crude's upper Bollinger Band® is at $80.65, this is a slight indication of a slowdown. Despite this, price action remains constrained around the key Fibonacci level of $78.27 currently serving as resistance

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates WTI crude oil is set for a reversal in the coming days.

Rallies can also be seen in other Energy, notably, Natural Gas rose 9.08% yesterday and closed at $2.77. Brent Crude Oil went up by 1.47% yesterday, and closed at $86. Heating Oil went up by 1.34% yesterday, and closed at $2.9.

Over the past 11 months, WTI crude has retreated 37.36% from a noteworthy peak of $124.77.