Tanalys

Crude Oil (Jul 13) intraday: bullish bias above 94.45

Pivot: 94.45

Our preference: LONG positions above 94.45 with 96.4 98.1 in sight.

Alternative scenario: The downside penetration of 94.45 will call for 93.2 91.35.

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

Trend: ST Range; MT Range

Key levels Comment

99.6** Intraday resistance

98.1** Intraday resistance

96.4*** Intraday resistance

95.85 Last

94.45** Intraday pivot point

93.2** Fib retracement (61.8%)

91.35** Intraday support

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