Oil

time frame- H4
the price reach to the resistance at 97.00 and this is also last resistance. here it is making a doji candlestick pattern also. this may be supported at the trend line. if this is break the 93.80 level it is moving more down and hit the last support at 90.50
good luck

Crude Oil (Jun 13) intraday: the bias remains bullish.

Pivot: 95.35
Our preference: LONG positions above 95.35 with targets @ 97.2 & 98.
Alternative scenario: The downside penetration of 95.35 will call for 94.7 & 93.55.
Comment: intraday support around 95.35

As you see in my following attached chart, the pair traded between a high of 96.01 and a low of 93.56, closed at 95.48. Today the commodity trades below the bearish trend line at the price of 97.60.
Downside Scenario: If the bearish trend line at the price of 97.60 holds, a decline to the levels of 95.50, then 94.30 could be seen.
Upside Scenario: Any break above the bearish trend line at the price of 97.60 could mean a rise to the levels of 98.60, then 99.40.
http://img11.hostingpics.net/pics/238318571.png

Crude Oil (Jun 13) intraday: under pressure.

Pivot: 97.20
Our preference: SHORT positions below 97.2 with 94.65 & 92.95 in sight.
Alternative scenario: The upside penetration of 97.2 will call for 98 & 99.5.
Comment: the RSI has just struck against its neutrality area at 50%.

Pivot levels today:
R3: 99.21
R2: 98.15
R1: 96.95
PP: 95.89
S1: 94.66
S2: 93.63
S3: 92.40
Comment: Price now is below the daily pivot level, but it is above the 55 SMA, so no clear signal now.
Forecast: By breaking 94.66 level, this may open the way to more fall to 92.40.

As you see in my following attached chart, oil traded between a high of 97.12 and a low of 94.85, closed at 95.82. Today the commodity trades below the bearish trend line at the price of 97.60.
Downside Scenario: If the bearish trend line at the price of 97.60 holds, a decline to the levels of 94.50, then 93.30 could be seen.
Upside Scenario: Any break above the bearish trend line at the price of 97.60 could mean a rise to the levels of 98.60, then 99.40.
http://img15.hostingpics.net/pics/726381oil.jpg

time frame- H4
the price is not able to break the supporting trend line at the 95.00 but it is also rejected from the resistance at the 97.40. we can trade with this pair in the breakout direction.
good luck

Crude Oil (Jun 13) intraday: key ST resistance at 97.2

Pivot: 97.20
Our preference: SHORT positions below 97.2 with 94.65 & 92.95 in sight.
Alternative scenario: The upside penetration of 97.2 will call for a rebound towards 98 & 99.5.
Comment: as long as 97.2 is resistance, look for choppy price action with a bearish bias.

Pivot levels today:
R3: 97.47
R2: 96.86
R1: 96.13
PP: 95.52
S1: 94.79
S2: 94.18
S3: 93.45
Comment: Price now is below the daily pivot level, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 93.45.

today i like to buy Oil @ 95.15 to 95.30 range
my stop loss for today @ 94.88
my half take profit for today @ 95.67
and half @ 95.87