Tanalys

Crude Oil (Jan 14) intraday: key ST resistance at 97.35

Pivot: 97.35

Our preference: SHORT positions below 97.35 with 95.65 94.7 in sight.

Alternative scenario: The upside penetration of 97.35 will call for a rebound towards 98.15 98.8.

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

Trend: ST Ltd downside; MT Range

Key levels Comment

98.8** Intraday resistance

98.15** Intraday resistance

97.35** Intraday pivot point

96.58 Last

95.65** Intraday support

94.7** Intraday support

93.9** Intraday support

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