Tanalys

Crude Oil (Aug 13) intraday: up turn.

Pivot: 93.70

Our preference: LONG positions above 93.7 with 96.1 96.7 as next targets.

Alternative scenario: The downside penetration of 93.7 will call for 93.1 92.6.

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

97.65** Intraday resistance

96.7** Intraday resistance

96.1** Intraday resistance

95.48 Last

93.7** Intraday pivot point

93.1* Intraday support

92.6** Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version