Tanalys

Crude Oil (Aug 13) intraday: rebound in sight.

Pivot: 92.60

Our preference: LONG positions above 92.6 with targets @ 95.85 96.65.

Alternative scenario: The downside penetration of 92.6 will call for a slide towards 91.6 90.3.

Comment: the contract has pushed above its channel resistance.

Trend: ST Bullish; MT Bullish

Key levels Comment

97.6** Intraday resistance

96.65** Intraday resistance

95.85*** Intraday resistance

94.93 Last

92.6** Intraday pivot point

91.6** Intraday support

90.3** Intraday support

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