Tanalys

Crude Oil (Jul 13) intraday: bullish bias above 92.2

Pivot: 92.20

Our preference: LONG positions above 92.2 with 94.2 95.2 in sight.

Alternative scenario: The downside penetration of 92.2 will call for a slide towards 91.35 90.35.

Comment: the RSI is bullish and calls for further upside.

Trend: ST Range; MT Range

Key levels Comment

95.85** Intraday resistance

95.2** Intraday resistance

94.2** Intraday resistance

93.34 Last

92.2** Intraday pivot point

91.35** Intraday support

90.35** Intraday support

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