Oil

[vetman85]

Price of crude oil traded between a high of 107.16 and a low of 105.66, closed at 105.79. Today the commodity trades above the support line of 104.80.
Upside Scenario: A rise could be seen the levels of 106.70, then 108.05 if the commodity remains above the support line of 104.80.
Downside Scenario: If Oil breaks below the support line of 104.80, this could send Oil into the levels of 103.50, then 102.60.

[fxabdulrehman]

Oil trading around $105.00 level after API US Crude Oil Inventories (July 12) W/W -2600K vs. Prev. -8970K
And US Inventories forecast -1.9M vs. -9.9M Previous

Technically, $104.20 is a strong supports in a short perspective.
Breakage will give $108.80 & $102.30 level

While $106.20 is likely to hold.
Trade above will give $106.80 & $107.40 - 108.20 level in extension.

Heavy Fundamentals are in US session. Huge move expected.

[amnag]

today i like to buy oil @ 105.20
my stop loss of the day @ 104.88
half take profit for today @ 105.44
and further half take profit @ 105.86

[jone3]

oil will likewise climb since a number of its obligation emergency in Europe and America, and look out for tomorrow and the following day on the grounds that there is news that can make the oil move

[fxabdulrehman]

today oil can go down before meeting becoz of pressure ... sell under 106 tp round about 103 sl round about 108 . after 108 we can see 111 level of oil and ....and below 103 possible 99 again ..not confirm just expectations before meeting

[ihab]

the price of oil is trading up ward since the morning above 106.00
to effectively continue our positive expected for the day
while nearby our goals begin at 107.40

[Mouseen]

Oil today demonstrated a release from sliding alligator (earning their role of trend lines), the price has a strong northerly trend and is now approaching month high of 107.40 (upper zone fractal) - the breakdown of the mark and will be a signal to buy, it will open the 108 and 110 mark.

[gbp]

time frame- M30
the price is having long or up trend signal with the macd and parabolic sar indicator but the rsi indicator is move to down direction. the price have a resistance at the 106.55 level that may be not break. it will try to move down side but we take short entry with breaking support at 105.90 with the take profit at 105.00 and stop loss at the 107.10
good luck.

[fxabdulrehman]

Oil trading above $106.00 level.
Traded near a three-day high on speculation U.S. crude inventories fell for a third week, signaling increased demand in U.S. U.S. crude stockpiles have shrunk 20.2 million barrels in the 14 days ended July 5, according to the EIA. Motor-fuel demand typically rises from the last weekend in May to the Labor Day weekend in early September, the nation's peak vacation season.

In current condition, $104.00 is a holding level.
For upside, Break up of $107; $108.20 & 110 expected.
While Breakup of $104.20 level; $102.20 & $100.80 expected

[razia86]

i think oil should be marking out the first leg of a larger correction and initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance) its my opinion