Tanalys

Crude Oil (Jan 14) intraday: bounce.

Pivot: 92.40

Our preference: LONG positions above 92.4 with targets @ 94.05 94.65.

Alternative scenario: The downside penetration of 92.4 will call for a slide towards 91.75 91.4.

Comment: technically, the RSI is above its neutrality area at 50.

Trend: ST Ltd downside; MT Range

Key levels Comment

95.5** Intraday resistance

94.65** Intraday resistance

94.05** Intraday resistance

93.62 Last

92.4** Intraday pivot point

91.75** Intraday support

91.4* Intraday support

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