Tanalys

Crude Oil (Jul 13) intraday: key ST resistance at 96.2

Pivot: 96.20

Our preference: SHORT positions below 96.2 with targets @ 93.5 92.4.

Alternative scenario: The upside penetration of 96.2 will call for a rebound towards 96.7 97.35.

Comment: as long as 96.2 is resistance, likely decline to 93.5.

Trend: ST Range; MT Range

Key levels Comment

97.35*** Intraday resistance

96.7** Intraday resistance

96.2** Intraday pivot point

95.77 Last

93.5*** Intraday support

92.4** Intraday support

90.35** Intraday support

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