One reader is a oil trader and hopes that we can post more about oil and also get to meet other fellow oil traders in Singapore. Unfortunately, we don't trade in oil so we can't claim we are experts in this area but this website below was recommended by another oil trader friend of ours.

http://www.oilngold.com/ong-focus/technical/crude-oil-daily-technical-outlook-2011041817248/

Just to paste some extracts, there are also analysis on Gold and Silver:

Crude Oil Daily Technical Outlook

Nymex Crude Oil (CL)

With 110.24 minor resistance intact, Crude oil's correction from 113.46 could still extend lower. Below 105.31 will bring another fall. Nevertheless, strong support should be seen above 96.22 support to resume the larger up trend. Above 110.24 minor resistance will flip intraday bias back to the upside for retreating 113.46 resistance first. Break will target 100% projection of 33.2 to 83.95 from 64.23 at 114.98.

In the bigger picture, medium term rebound from 33.2 is still in progress and stronger rise should be seen towards 100% projection of 33.2 to 83.95 from 64.23 at 114.98. Nevertheless, there is no change in the view that such rally is the second wave of the consolidation pattern from that started at 147.27 (2008 high). Hence, we'd start to look for reversal signal again above 114.98 projection level. But after all, 96.22 support is needed to indicate medium term topping. Otherwise, outlook will remain bullish.

Nymex Crude Oil Continuous Contract 4 Hours Chart

Nymex Crude Oil Continuous Contract Daily Chart

Gold Daily Technical Outlook

Comex Gold (GC)

Gold edged higher to 1489.7 today before retreating mildly. Intraday bias remains on the upside for 1500 psychological first and then 100% projection of 1309.1 to 1445.7 from 1380.7 at 1517.3. On the downside, break of 1445 support is needed to signal short term topping. Otherwise, outlook will remain bullish even in case of retreat.

In the bigger picture, gold's long term up trend is still in progress and is possibly regaining momentum again. In any case, we'll stay bullish as long as 1380.7 support holds and expect the current up trend to target 1500 psychological level next. Further acceleration will pave the way to 100% projection of 1155.6 to 1432.5 from 1309.1 at 1586.

Comex Gold Continuous Contract 4 Hours Chart

Comex Gold Continuous Contract 4 Hours Chart

Comex Gold Continuous Contract Daily Chart

Silver Daily Technical Outlook

Comex Silver (SI)

Silver rises to 43.38 so far today and intraday bias remains on the upside for further rally for medium term projection target of 43.71. Sustained trading above will target 161.8% projection of 17.735 to 31.275 from 26.30 at 48.208 next. Though, break of 4 hours 55 EMA (now at 40.86) will indicate that a short term top is formed and bring pull back to 39.70 support and below.

In the bigger picture, long term up trend in silver is still in progress and is regaining momentum. Current rally will likely extend further towards 261.8% projection of 8.4 to 19.5 from 14.65 at 43.71. Break will target 50 psychological level. In any case, break of 36.74 support is needed to be the first signal of medium term topping. Otherwise, medium term outlook will remain bullish.

Comex Silver Continuous Contract 4 Hours Chart