Tanalys

Crude Oil (Feb 14) intraday: key ST resistance at 92.95

Pivot: 92.95

Our preference: SHORT positions below 92.95 with targets @ 91.2 90.3.

Alternative scenario: The upside penetration of 92.95 will call for 93.55 94.2.

Comment: as long as 92.95 is resistance, look for choppy price action with a bearish bias.

Trend: ST Ltd downside; MT Range

Key levels Comment

94.2** Intraday resistance

93.55** Intraday resistance

92.95** Intraday pivot point

92.35 Last

91.2** Intraday support

90.3** Intraday support

89.8** Intraday support

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