Tanalys

Crude Oil (Feb 14) intraday: under pressure.

Pivot: 99.40

Our preference: SHORT positions below 99.4 with 98.5 97.85 as next targets.

Alternative scenario: The upside penetration of 99.4 will call for a rebound towards 100.1 100.4.

Comment: the break below 99.4 is a negative signal that has opened a path to 98.5.

Trend: ST Ltd downside; MT Range

Key levels Comment

100.4** Intraday resistance

100.1** Intraday resistance

99.4*** Intraday pivot point

98.87 Last

98.5** Intraday support

97.85** Intraday support

97.25** Intraday support

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