Tanalys

Crude Oil (Jul 13) intraday: key ST resistance at 95.95

Pivot: 95.95

Our preference: SHORT positions below 95.95 with 93.75 92.4 as next targets.

Alternative scenario: The upside penetration of 95.95 will call for a rebound towards 96.4 97.3.

Comment: the RSI is mixed with a bearish bias.

Trend: ST Range; MT Range

Key levels Comment

97.3** Intraday resistance

96.4** Intraday resistance

95.95** Intraday pivot point

95.34 Last

93.75** Intraday support

92.4** Intraday support

91.35** Intraday support

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