Tanalys

Crude Oil (Aug 13) intraday: key ST resistance at 96.7

Pivot: 96.70

Our preference: SHORT positions below 96.7 with 95.5 94.9 in sight.

Alternative scenario: The upside penetration of 96.7 will call for 97.8 98.5.

Comment: the RSI is below its neutrality area at 50%

Trend: ST Range; MT Bullish

Key levels Comment

98.5** Intraday resistance

97.8** Intraday resistance

96.7** Intraday pivot point

96.18 Last

95.5** Intraday support

94.9* Intraday support

94.3** Intraday support

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