Tanalys

Crude Oil (Jan 14) intraday: the bias remains bullish.

Pivot: 93.20

Our preference: LONG positions above 93.2 with 94.9 95.7 as next targets.

Alternative scenario: The downside penetration of 93.2 will call for 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

93.68 Last

93.2*** Intraday pivot point

91.4** Intraday support

90.4* Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version