Tanalys

Crude Oil (Aug 13) intraday: key ST resistance at 95.55

Pivot: 95.55

Our preference: SHORT positions below 95.55 with targets @ 93.8 93.1.

Alternative scenario: The upside breakout of 95.55 will open the way to 96.15 96.7.

Comment: as long as 95.55 is resistance, look for choppy price action with a bearish bias..

Trend: ST Range; MT Bullish

Key levels Comment

96.7** Fib retracement (61.8%)

96.15** Intraday resistance

95.55** Intraday pivot point

95.08 Last

93.8** Intraday support

93.1* Intraday support

92.6** Intraday support

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