Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 94.3

Pivot: 94.30

Our preference: LONG positions above 94.3 with targets @ 96.7 97.1.

Alternative scenario: The downside breakout of 94.3 will open the way to 93.7 93.1.

Comment: the RSI is mixed with a bullish bias.

Trend: ST Range; MT Bullish

Key levels Comment

97.65** Intraday resistance

97.1** Intraday resistance

96.7** Fib retracement (61.8%)

95.84 Last

94.3** Intraday pivot point

93.7* Intraday support

93.1** Intraday support

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