Oil

Crude Oil (Apr 13) intraday: the downside prevails.

Pivot: 90.90
Our preference: SHORT positions below 90.9 with 89.3 & 88.7 as next targets.
Alternative scenario: The upside penetration of 90.9 will call for 91.4 & 91.9.
Comment: as long as 90.9 is resistance, look for choppy price action with a bearish bias.

Something the recent oil shows a negative trend .. the price even went below 90 dollars mark .. if you look at the hourly chart we can see that there are some very interesting resistances 91 and T92, respectively .. so long that I think it would be logical to sell when the price comes to these marks ...=(

in the m30 chart the price is not able to break the resistance trend line and price is 90.70. we can long this pair with breaking this trend line and can hold with the target next resistance at 92.10 with stop loss 90.00

Oil over the past few weeks has shown a strong southern descent, now the price went up to 200 and moving her around a couple stopped near this moving is also a strong psychological and 90.00 figure, the output volume is also noticeable on the 4 hour chart MASD formed buy signal and the divergence I think now there is a great probability of a north medium correctional wave at least.

• Brent crude trading through the reduction in the level of five-session winning streak on Tuesday, rose due to optimism over China oil demand, record-high U.S. equity and disruption to supplies in the North Sea.

• The increase has been limited, with medium-term concerns such as U.S. crude supplies and strengthening the country's fiscal crisis.

• Brent crude futures rose 1.52 dollars per barrel and covered with a value of 111.61. U.S. crude rose 70 cents a barrel covered with a value of 90.82, halting three-day trading session losing streak.

in the m30 chart the price is now break the resistance trend line at 91.00 now we can long this pair but may be we can see some retracement because now stoch is overbought. we can long this pair with the stop loss below the support at 90.00 and the target is 91.60

As we can see on the chart, Oil has broken the resistance level at 90.76. So, I think this breaking indicates that Oil still in bullish momentum. For Oil today, I expect Oil will continue going up to the next resistance level at around 92.04.

Crude Oil (Apr 13) intraday: rebound in sight.

Pivot: 90.00
Our preference: LONG positions above 90 with 91.4 & 91.9 in sight.
Alternative scenario: The downside penetration of 90 will call for 89.3 & 88.7.
Comment: the RSI is above its neutrality area at 50%.

After yesterdays positive close Oil is this morning pushing higher.
We are monitoring the possibility of a move to Target 1.

Trend = Long
Ambush Zone = 91.70 -87.90
Target 1 = 98.20
Target 2 = 100.40
Stop = 85.20

Oil on the hourly chart we see that formed an inverted head and shoulders pattern with a strong resistance level 91.20 and still to this trend is sloping lines down ... so I think you need to take a closer an eye on auctions for 91 - 91.50 .. if the above can be still go to the top 1-1.5 dollars.