Tanalys

Crude Oil (Dec 13) intraday: bullish bias above 93.7

Pivot: 93.70

Our preference: LONG positions above 93.7 with 95.25 96.05 as next targets.

Alternative scenario: The downside penetration of 93.7 will call for 93.05 91.8.

Comment: the RSI is supported by a bullish trend line.

Trend: ST Ltd downside; MT Range

Key levels Comment

97.05** Intraday resistance

96.05** Intraday resistance

95.25** Intraday resistance

95.07 Last

93.7*** Intraday pivot point

93.05** Intraday support

91.8** Intraday support

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