Tanalys

Crude Oil (Jul 13) intraday: turning down.

Pivot: 93.20

Our preference: SHORT positions below 93.2 with targets @ 90.35 89.65.

Alternative scenario: The upside breakout of 93.2 will open the way to 94.2 95.85.

Comment: technically, the RSI is below its neutrality area at 50.

Trend: ST Range; MT Range

Key levels Comment

95.85** Intraday resistance

94.2** Intraday resistance

93.2** Intraday pivot point

91.64 Last

90.35** Intraday support

89.65** Intraday support

88.15** Intraday support

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