Tanalys

Crude Oil (Jan 14) intraday: bullish bias above 97.1

Pivot: 97.10

Our preference: LONG positions above 97.1 with 98.8 99.4 as next targets.

Alternative scenario: The downside penetration of 97.1 will call for a slide towards 95.65 94.7.

Comment: intraday support around 97.1

Trend: ST Ltd downside; MT Range

Key levels Comment

100.1** Intraday resistance

99.4** Intraday resistance

98.8** Intraday resistance

97.57 Last

97.1*** Intraday pivot point

95.65** Intraday support

94.7** Intraday support

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