Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 96.05

Pivot: 96.05

Our preference: LONG positions above 96.05 with 97.8 98.5 as next targets.

Alternative scenario: The downside penetration of 96.05 will call for a slide towards 95.5 94.9.

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

Trend: ST Range; MT Bullish

Key levels Comment

98.95** Intraday resistance

98.5** Intraday resistance

97.8** Intraday resistance

97.04 Last

96.05*** Intraday pivot point

95.5** Intraday support

94.9** Intraday support

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