Oil

• The movement of Brent and U.S. crude oil fell slightly on the trading session Friday after the trading session down quite sharply in nearly all the trading session Friday, rebounded as a weakening U.S. dollar and the news report last that the increased supply of oil from oil refineries BP Plc's Whiting, Indiana .

• A day earlier, the euro has dropped to a one-month closing low against the dollar on expectations that the U.S. Federal Reserve will again cut its monetary easing program.


• Brent crude oil closed lower by 56 cents to the value of 103.91 dollars / barrel once traded at a low of 101.56 dollars.


• An IIR Energy report says that BP will begin supply of 240 thousand barrels / day in the next week from the Whiting refinery, Indiana.

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

Pivot: 94.80
Our preference: LONG positions above 94.8 with targets @ 96.75 & 97.2.
Alternative scenario: The downside breakout of 94.8 will open the way to 93.35 & 92.9.
Comment: the RSI broke above a bearish trend line.

Pivot levels today:
R3: 99.68
R2: 97.95
R1: 96.81
PP: 95.08
S1: 93.94
S2: 92.21
S3: 91.07
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 92.21.

today i like to sell oil @ 95.10 to 95.30 range
my stop loss of the day @ 95.55
my half take profit of the day @ 94.88
and half @ 94.68

g ah oil tal is ke kemat 106 rs ha is par kam kar ka hum n is par kam kea ha is par kam kar ka hum na is pra pasa kkamnmy kaleaa is par k ke ga is par kam akr ka hum na is par kam kea ha is is par pasa kamny ka leay hum na is par kam kea ha is patr jkam kar ka hum ny ia par tel ke kemat baty ha

The essential oil should be allocated first to reduce the higher your feet static correction. Every time Should 94 (95.15) 95. 15 to 80. 50 before the ninety-six. 12 ad placement across have 94. 30 and certainly ready now 100 pips.

\\\\Crude Oil: bullish bias up 94.8.Our pivot point stands at 94.8. - Preference: Long positions above 94.8 with targets 96.75 and 97.2.Alternative scenario: The downside penetration of 94.8 will call for 93.35 and 92.9.Analiz: RSI goes above the downward trend line.\\\\\

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

Pivot: 95.75
Our preference: SHORT positions below 95.75 with targets @ 94.5 & 93.35.
Alternative scenario: The upside breakout of 95.75 will open the way to 96.25 & 96.75.
Comment: capped by a negative trend line.

WTI Crude oil is fluctuating above the 94.50 support level after falling below that level two days ago, as prices declined from areas around major uptrend line. Apparently rebounded and stabilized above 94.50 will occur, triggering a bullish today. Currently, crude oil prices keep USD $ 95.12 / bbl.

indeed in this case oil is also very beneficial in the trade and did not suffer significant losses and big profits but in this case I did not commit to trade oil.