Tanalys

Crude Oil (Dec 13) intraday: key ST resistance at 98.45

Pivot: 98.45

Our preference: SHORT positions below 98.45 with targets @ 95.7 94.55.

Alternative scenario: The upside penetration of 98.45 will call for a rebound towards 99.25 100.2.

Comment: the RSI is below its neutrality area at 50%

Trend: ST Ltd downside; MT Range

Key levels Comment

100.2** Intraday resistance

99.25** Intraday resistance

98.45** Intraday pivot point

96.83 Last

95.7* Intraday support

94.55* Intraday support

92.4* Intraday support

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