Tanalys

Crude Oil (Dec 13) intraday: up turn.

Pivot: 96.95

Our preference: LONG positions above 96.95 with 98.45 99.25 in sight.

Alternative scenario: The downside breakout of 96.95 will open the way to 96 94.55.

Comment: the RSI calls for a bounce.

Trend: ST Ltd downside; MT Range

Key levels Comment

100.25** Intraday resistance

99.25** Intraday resistance

98.45** Intraday resistance

97.97 Last

96.95** Intraday pivot point

96*** Intraday support

94.55** Intraday support

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