Tanalys

Crude Oil (Jul 13) intraday: key ST resistance at 94.45

Pivot: 94.45

Our preference: SHORT positions below 94.45 with 92.2 91.4 in sight.

Alternative scenario: The upside penetration of 94.45 will call for a rebound towards 95 95.55.

Comment: as long as 94.45 is resistance, likely decline to 92.2.

Trend: ST Range; MT Range

Key levels Comment

95.55** Intraday resistance

95** Intraday resistance

94.45** Intraday pivot point

94.19 Last

92.2** Intraday support

91.4* Intraday support

90.35** Intraday support

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