Tanalys

Crude Oil (Dec 13) intraday: key ST resistance at 100.7

Pivot: 100.70

Our preference: SHORT positions below 100.7 with targets @ 99 98.2.

Alternative scenario: The upside breakout of 100.7 will open the way to 102 102.5.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Ltd downside; MT Range

Key levels Comment

102.5** Intraday resistance

102** Intraday resistance

100.7** Intraday pivot point

99.33 Last

99** Intraday support

98.2** Intraday support

97.3* Intraday support

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