Oil

[forexgroove]

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

Pivot: 94.85
Our preference: LONG positions above 94.85 with 96.4 & 97.85 in sight.
Alternative scenario: The downside penetration of 94.85 will call for 94.1 & 93.6.
Comment: the RSI has just landed on a support around 30% and is reversing up.

[advance]

in the H1 time frame the price is moving along the supporting trend line and it is break the pivot point at 95.76 but it is not able to break the 96.70 resistance. now it is moving to down side. moving average is providing resistance at 96.25. we can short this pair if the price is close below the 95.75 with the target at 94.70

[Kerber]

Oil is going to the new price range is now at its tsentre.Veroyatno that will attempt to retest the support level (need to gain strength to break down the resistance level) and has already repulsed by him to make another attempt to go to another level of quality.

[forexgroove]

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

Pivot: 95.65
Our preference: SHORT positions below 95.65 with 94.45 & 93.6 in sight.
Alternative scenario: The upside penetration of 95.65 will call for a rebound towards 96.3 & 97.85.
Comment: the upward potential is likely to be limited by the resistance at 95.65.

[amni571]

The British pound is growing slowly against the dollar at these times, and again it has surpassed 1.52. We expect the upward sequence could give an impulse to the resistance of 1.5280 fractal. However, the Momentum Indicator is showing bearish signal, which is suggestive of this pair expects a downward correction in the next few days....

[Lily]

\\\\\\Oil has strengthened steadily above 95.00 figure after which the price went more to the north and made ​​a new local maximum 95.85, now oil has entered into a small corrective phase, waiting for the resumption of growth or when rebound from sliding alligator, or from 95.20 + - (fractal down zone) to shopping, I think at least 95.85 again test.\\\\\\\

[vetman85]

As you see in my following attached chart, the Crude oil price rallied higher surpassing 95.20 barrier, confirming this breach will push the price to continue the positive trading with no need to visit 93.30
Now, we need to stay aside to be certain from today�s close according to 95.20

[m.ashraf]

yesterday,Initial support at 100.00 (Intraday Support) followed by 98.20 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.10 (Intraday Resistance).

[advance]

in the H1 time frame the price is acting above the pivot pint 94.66 and the moving average 14 is also providing a support at 94.70. the price is rejected from the 95.60 but again it is moving to that side. we can long this pair with target 95.50 and the stop loss is 94.50

[asu_momod_india_jamput]

Oil has been rejected by the resistance level at 95.27. Now, I think Oil will fall and reach the support level at around 93.61 or lower. But if Oil can rise and break 95.27 resistance level, Oil may continue the bullish movement and the next target will be at around 97.10 as the next resistance level of Oil.