Tanalys

Crude Oil (Dec 13) intraday: key ST resistance at 97.05

Pivot: 97.05

Our preference: SHORT positions below 97.05 with 96 95.5 as next targets.

Alternative scenario: The upside breakout of 97.05 will open the way to 97.85 98.8.

Comment: as long as 97.05 is resistance, likely decline to 96.

Trend: ST Ltd downside; MT Range

Key levels Comment

98.8** Intraday resistance

97.85** Intraday resistance

97.05*** Intraday pivot point

96.49 Last

96*** Intraday support

95.5** Intraday support

94.55** Horizontal support

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