Commodity: OIL [Technical Comment]

OIL looks as if the recent consolidation after testing key support at 92.58 will result in a rebound to initial resistance at 94.50. A breakout above 94.50 will not come easily, but a successful move will place 95.56 as the next level to watch. A failure to pass 95.56 should see it slide back to or very near the support at 93.64. (HP)

Commodity: OIL [Technical Comment]

Based on H4 chart time frame, OIL looks as if the recent consolidation after testing key support at 93.37 will result in a rebound to initial resistance at 94.50. A breakout above 94.50 will not come easily, but a successful move will place 95.56 as the next level to watch. A failure to pass 95.56 should see it slide back to or very near the support at 93.64. (HP)

Commodity: OIL [Technical Comment]

OIL has been caught within a narrow range for a while now, but on the hourly chart we see a bearish formation developing, with a breakdown below VST support at 94.85 likely to see it come off to or very near 94.53 again.(HND)

Commodity: CL1N [Technical Comment]

Oil trades sideways today. The commodity is trapped between a resistance at 95.82 and a strong support at 94.43 as we can see on daily chart. Short term trend obviously remains bearish with key support at 89.60 (TS)

Commodity: OIL [Technical Comment]

OIL has been caught within a narrow range for a while now, but on the H1 chart we see a bullish formation developing, with a breakout above VST resistance at 94.83 likely to see it advance to or very near 95.35. (MT)

Commodity: CL1N [Technical Comment]

There is a potential breakout scenario developing on the hourly chart of OIL. We are looking for a move below the 93.75 support, which should see it continue on to 92.97 again.(HND)

Commodity: CL1N [Trade Signal]Update

We took profit at 94.34 for our short OIL position from 94.58. The original TP was 93.90.(HND)

Commodity: CL1N [Trade Signal]

Short OIL at 94.58, stop loss at 95.00 and TP at 93.90.(HND)

Commodity: OIL [Technical Comment]

There is a potential breakout scenario developing on the H1 chart of OIL. We are looking for a move above the 95.82 resistance, which should see it continue on to 96.57. (MT)

Commodity: CL1N [Technical Comment]

OIL has been caught within a narrow range for a while now, but on the M30 chart we see a bearish formation developing, with a breakdown below VST support at 94.13 likely to see it come off to or very near 93.75 again.(HND)