Tanalys

Crude Oil (Dec 13) intraday: under pressure.

Pivot: 99.30

Our preference: SHORT positions below 99.3 with targets @ 97.7 96.4.

Alternative scenario: The upside penetration of 99.3 will call for 100.25 100.7.

Comment: a break below 97.7 would trigger a drop towards 96.4.

Trend: ST Ltd downside; MT Range

Key levels Comment

100.7** Intraday resistance

100.25** Intraday resistance

99.3** Intraday pivot point

98.08 Last

97.7** Intraday support

96.4* Intraday support

95.7* Intraday support

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