Tanalys

Crude Oil (Jan 14) intraday: further upside.

Pivot: 93.20

Our preference: LONG positions above 93.2 with 95.7 96.3 in sight.

Alternative scenario: The downside penetration of 93.2 will call for a slide towards 91.4 90.4.

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

Trend: ST Ltd downside; MT Range

Key levels Comment

97.2** Intraday resistance

96.3** Intraday resistance

95.7** Intraday resistance

95.11 Last

93.2*** Intraday pivot point

91.4** Intraday support

90.4* Intraday support

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