Tanalys

Crude Oil (Apr 13) MT: the upside prevails.

Pivot: 89.00

Our Preference: Bullish above 89 with targets @ 98.1 100.6 in extension.

Alternative Scenario: Below 89 eye a drop towards 84 and 77.3 in extension.

Comment: the 20-day moving average is turning up.

Trend: ST Ltd upside; MT Range, we have been bullish since 4 JAN 2013 (92.4).

Key levels Comment

106.4 Horizontal resistance

100.6 Horizontal resistance

98.1 Horizontal resistance

96.63 Last

89 Pivot point

84 Horizontal support

77.3 Horizontal support

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