Tanalys

Crude Oil (Jul 13) intraday: target 92.2

Pivot: 95.00

Our preference: SHORT positions below 95 with 92.2 91.45 in sight.

Alternative scenario: The upside penetration of 95 will call for a rebound towards 95.9 97.3.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Range; MT Range

Key levels Comment

97.3** Intraday resistance

95.9** Intraday resistance

95** Intraday pivot point

93.13 Last

92.2** Intraday support

91.45** Intraday support

90.85** Fib projection

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