Tanalys

Crude Oil (Dec 13) intraday: the downside prevails.

Pivot: 102.00

Our preference: SHORT positions below 102 with 99.6 99 as next targets.

Alternative scenario: The upside breakout of 102 will open the way to 102.5 103.1.

Comment: the RSI is bearish and calls for further decline.

Trend: ST Ltd downside; MT Range

Key levels Comment

103.1** Intraday resistance

102.5** Intraday resistance

102** Intraday pivot point

100.29 Last

99.6** Intraday support

99** Intraday support

98.2** Intraday support

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