Tanalys

Crude Oil (Aug 13) intraday: bullish bias above 96.1

Pivot: 96.10

Our preference: LONG positions above 96.1 with 97.8 98.5 as next targets.

Alternative scenario: The downside breakout of 96.1 will open the way to 94.9 94.3.

Comment: the RSI is mixed and calls for caution.

Trend: ST Range; MT Bullish

Key levels Comment

99.2** Intraday resistance

98.5** Intraday resistance

97.8** Intraday resistance

96.48 Last

96.1** Intraday pivot point

94.9* Intraday support

94.3** Intraday support

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