Oil

[forexgroove]

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

Pivot: 92.90
Our preference: LONG positions above 92.9 with 94.8 & 95.6 in sight.
Alternative scenario: The downside breakout of 92.9 will open the way to 91.9 & 91.3.
Comment: the RSI is mixed and calls for caution.

[Mouseen]

Oil continues under strong pressure as the bulls (in the form of moving an alligator that fulfill a supporting role) and bears (in the form of the upper zone of fractals 93.70), if you look at the more senior schedule is much that now work is underway on a buy signal, Stochastic + price strengthened above the moving alligator likely to happen that will break 93.70 buy signal and open 94.00.

[vetman85]

As you see in my following chart, crude oil price settled above 93.25 yesterday, which provides positive chances for more bullish actions, supported by stochastic positivity, but as we mentioned yesterday, the continuation of the positivity requires clear breach for 93.90 level.
Now, the neutral attitude remains valid, awaiting for breaching the mentioned level or breaking below 91.75 to get clearer signals for the trend.

[Kerber]

BRENT oil ... the price for several days of very hard falls, according to the schedule trend is not over yet because the latter at least lower than all previous ones, and today the price formed a resistance level at 105.50 .. so I consider it necessary to seek entry points short feet for sales.

[forexgroove]

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

Pivot: 92.45
Our preference: LONG positions above 92.45 with 94.2 & 94.8 as next targets.
Alternative scenario: The downside breakout of 92.45 will open the way to 91.9 & 91.3.
Comment: the RSI is mixed with a bullish bias.

[Mouseen]

Oil has formed several buy signals, the price broke through the upper zone of fractals 93.00 and is now tested this level as support, some of the mark are also moving alligator Stochastic is in the lower zone, and on the hourly chart formed a bullish engulfing, the growth in the waiting area of the upper fractal 93.70.

[vetman85]

As you see in my following chart, On the daily time frame, we find that crude oil price remains inside the medium term bullish channel, which supports the potential rising from the current levels, supported by Stochastic.
But the price settles below the EMA50, and trades below 38.2% Fibonacci for the last bullish wave, which might put more negative pressure on the intraday trading.
Now, we prefer staying neutral, and monitoring the price behavior according to 91.75 support and 93.90 resistance, where surpassing one of them will provide more accurate signals for the upcoming trend.

[forexgroove]

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

Pivot: 93.55
Our preference: SHORT positions below 93.55 with 91.3 & 90.5 in sight.
Alternative scenario: The upside breakout of 93.55 will open the way to 94.2 & 94.8.
Comment: as long as 93.55 is resistance, likely decline to 91.3.

[Murraj]

Oil and breathes deeply as ever .... Breathing black gold got up to 92 figures and even when it pierced the lower soybean tenyu.no for more forces is not enough. The trading week ended with a turn "hammer", which in the long run makes the dynamics of growth from these levels. Must wait for confirmation "hammer" and then make a decision on Long.

[Jobs]

Oil is down to the support level otm.92.01 and will now be selling this level so far. until there are more players who will be able to pour money into this asset and return it to growth. I think that we are waiting Flete without any appreciable volatility. Oil to date has found its fair price.