Oil ended april as a first red month, in which case may id be looking for sell high, they kept price suppressed and didnt attempt to make any significant higher highs this month, since there was no real place, except the start of may, to sell high, (and fundamentals somewhat driving my thesis) i would expect them to keep trapping volume down low for the frontside...
(i am neutral taking advantages of news/news year open and what i see on weekly setup and eventually looking for swing long) here is an idea of how i believe EURUSD will go this week, factoring more probabilty of parabolic price movements leading into the new year, (the dollar is going below 100 lets face it) i think this is a pretty good idea of how its going...