Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 93.7

Pivot: 93.70

Our preference: LONG positions above 93.7 with targets @ 96.1 96.7.

Alternative scenario: The downside penetration of 93.7 will call for 93.1 92.6.

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

Trend: ST Range; MT Bullish

Key levels Comment

97.65** Intraday resistance

96.7** Intraday resistance

96.1** Intraday resistance

95.67 Last

93.7** Intraday pivot point

93.1* Intraday support

92.6** Intraday support

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