WTI crude continues trading sideways, currently at $78.5

It's been more of the same this session on the back of 11 days of flat trade, Today's session so far looks to be heading in a similar way — WTI crude trades at $78.5 per barrel, after ending yesterday at $78.76.

United States Building Permits is next today at 13:30 UTC.

Crude Oil's upper Bollinger Band® is at $83.72 and the lower is $77.

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

Moreover, United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was -0.1%, data will be available tomorrow at 12:30 UTC. United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC. United States Building Permits will be released today at 13:30 UTC.

US crude oil has fallen back around 35.49% from the significant high of $122.09 set 10 months ago.