Tanalys

Crude Oil (Jul 13) intraday: key ST resistance at 93.8

Pivot: 93.80

Our preference: SHORT positions below 93.8 with 92.2 91.45 in sight.

Alternative scenario: The upside breakout of 93.8 will open the way to 94.2 95.2.

Comment: the RSI is bearish and calls for further decline.

Trend: ST Range; MT Range

Key levels Comment

95.2** Intraday resistance

94.2** Fib retracement (50%)

93.8** Intraday pivot point

92.57 Last

92.2** Intraday support

91.45** Intraday support

90.85** Fib projection

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