Tanalys

Crude Oil (Jul 13) intraday: key ST resistance at 95.55

Pivot: 95.55

Our preference: SHORT positions below 95.55 with 93.75 92.4 in sight.

Alternative scenario: The upside penetration of 95.55 will call for a rebound towards 96.4 97.3.

Comment: as long as 95.55 is resistance, look for choppy price action with a bearish bias.

Trend: ST Range; MT Range

Key levels Comment

97.3** Intraday resistance

96.4** Intraday resistance

95.55** Intraday pivot point

95.25 Last

93.75** Intraday support

92.4** Intraday support

91.35** Intraday support

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