Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 103.2

Pivot: 103.20

Our preference: LONG positions above 103.2 with 107.8 108.8 in sight.

Alternative scenario: The downside penetration of 103.2 will call for a slide towards 102 100.5.

Comment: the RSI is above its neutrality area at 50%.

Trend: ST Bullish; MT Bullish

Key levels Comment

110* Fib projection

108.8** Fib projection

107.8** Fib projection

106.82 Last

103.2*** Intraday pivot point

102** Intraday support

100.5** Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version