Tanalys

Crude Oil (Jul 13) intraday: bullish bias above 96.3

Pivot: 96.30

Our preference: LONG positions above 96.3 with targets @ 98.2 99.6.

Alternative scenario: The downside breakout of 96.3 will open the way to 95 94.05.

Comment: the RSI is mixed.

Trend: ST Bullish; MT Range

Key levels Comment

100.7* Fib projection

99.6** Intraday resistance

98.2** Intraday resistance

97.66 Last

96.3** Intraday pivot point

95** Intraday support

94.05** Intraday support

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