Oil

[asu_momod_india_jamput]

If we look on H4 time frame, we can see that there's a double bottom chart pattern. As we know, double bottom chart pattern indicates the possibility for reversal movement. Now, Oil is trying to reach the resistance level at 90.76. Then, if Oil can break that resistance, Oil may goes up to the higher resistance level at around 92.04.

[muscle fx]

� Crude oil futures fell slightly with the value of 111 dollars per barrel on Wednesday trading session after data showed the U.S. government that the domestic supply of crude oil will rise better than expectations.

� Energy Information Administration's weekly report will be found in U.S. crude inventories increased by 3.83 million barrels in the week to March 1. Analysts had predicted there would be a supply of 500 thousand barrels.

� Inventories increased as refinery utilization fell during the winter session of plant maintenance and in spite of the decline in imports of the world's biggest oil consumer.

[forexgroove]

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

Pivot: 90.55
Our preference: SHORT positions below 90.55 with 89.55 & 89 as next targets.
Alternative scenario: The upside breakout of 90.55 will open the way to 91.15 & 91.4.
Comment: as long as 90.55 is resistance, likely decline to 89.55.

[advance]

in the h4 time frame the price is not able to break the support at 89.28 it is hold at the 89.55 and move up side. upper side the price is having a resistance at 91.25 to this level we can hold our long position. if the resistance is break then it will try to move at the 92.50

[DooD]

Oil is now clearly visible excellent setting for purchase, notably the formation of the new northern waves, its small southern correctional wave price went to two strong support levels (horizontal and inclined -90.50 medium level), some are already visible stop and start consolidation, also significantly forming bullish engulfing, the first goal I think should be moving 200 (91.80).

[Kerber]

Oil on the hourly chart we see that formed an inverted head and shoulders pattern with a strong resistance level 91.20 and still to this trend is sloping lines down ... so I think you need to take a closer an eye on auctions for 91 - 91.50 .. if the above can be still go to the top 1-1.5 dollars.

[Forcik]

After yesterdays positive close Oil is this morning pushing higher.
We are monitoring the possibility of a move to Target 1.

Trend = Long
Ambush Zone = 91.70 -87.90
Target 1 = 98.20
Target 2 = 100.40
Stop = 85.20

[forexgroove]

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

Pivot: 90.00
Our preference: LONG positions above 90 with 91.4 & 91.9 in sight.
Alternative scenario: The downside penetration of 90 will call for 89.3 & 88.7.
Comment: the RSI is above its neutrality area at 50%.

[asu_momod_india_jamput]

As we can see on the chart, Oil has broken the resistance level at 90.76. So, I think this breaking indicates that Oil still in bullish momentum. For Oil today, I expect Oil will continue going up to the next resistance level at around 92.04.

[advance]

in the m30 chart the price is now break the resistance trend line at 91.00 now we can long this pair but may be we can see some retracement because now stoch is overbought. we can long this pair with the stop loss below the support at 90.00 and the target is 91.60