Tanalys

Crude Oil (Jan 14) intraday: further advance.

Pivot: 93.20

Our preference: LONG positions above 93.2 with 94.9 95.7 in sight.

Alternative scenario: The downside breakout of 93.2 will open the way to 91.4 90.4.

Comment: a support base at 93.2 has formed and has allowed for a temporary stabilisation.

Trend: ST Ltd downside; MT Range

Key levels Comment

96.3** Intraday resistance

95.7** Intraday resistance

94.9** Intraday resistance

93.81 Last

93.2*** Intraday pivot point

91.4** Intraday support

90.4* Intraday support

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