Tanalys

Crude Oil (Jan 14) intraday: up turn.

Pivot: 93.20

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

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 upside; MT Ltd upside

Key levels Comment

96.3** Intraday resistance

95.7** Intraday resistance

94.9** Intraday resistance

94.08 Last

93.2*** Intraday pivot point

91.4** Intraday support

90.4* Intraday support

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