Tanalys

Crude Oil (Jul 13) intraday: further advance.

Pivot: 95.45

Our preference: LONG positions above 95.45 with targets @ 97.35 98.2.

Alternative scenario: The downside breakout of 95.45 will open the way to 94.7 93.5.

Comment: the July Crude Oil stands within a bullish channel.

Trend: ST Range; MT Range

Key levels Comment

99.75** Intraday resistance

98.2** Intraday resistance

97.35** Intraday resistance

96.78 Last

95.45*** Intraday pivot point

94.7** Intraday support

93.5** Intraday support

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