Tanalys

Crude Oil (Dec 13) intraday: bullish bias above 97.35

Pivot: 97.35

Our preference: LONG positions above 97.35 with targets @ 99.25 100.25.

Alternative scenario: The downside penetration of 97.35 will call for a slide towards 96 94.55.

Comment: the RSI is bullish and calls for further advance.

Trend: ST Ltd downside; MT Range

Key levels Comment

101.95** Intraday resistance

100.25** Intraday resistance

99.25** Intraday resistance

98.37 Last

97.35*** Intraday pivot point

96** Intraday support

94.55** Intraday support

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