Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 92.6

Pivot: 92.60

Our preference: LONG positions above 92.6 with targets @ 95.85 96.65.

Alternative scenario: The downside penetration of 92.6 will call for a slide towards 91.6 90.3.

Comment: the RSI is bullish and calls for further upside.

Trend: ST Bullish; MT Bullish

Key levels Comment

97.6** Intraday resistance

96.65** Fib retracement (61.8%)

95.85** Fib retracement (50%)

94.72 Last

92.6*** Intraday pivot point

91.6** Intraday support

90.3** Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version