Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 104

Pivot: 104.00

Our preference: LONG positions above 104 with targets @ 107.8 110.

Alternative scenario: The downside penetration of 104 will call for a slide towards 102 100.5.

Comment: intraday support around 104

Trend: ST Bullish; MT Bullish

Key levels Comment

112.6* Fib projection

110* Fib projection

107.8** Fib projection

106.17 Last

104*** Intraday pivot point

102** Intraday support

100.5** Intraday support

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