Tanalys

Crude Oil (Jun 13) intraday: bullish bias above 91.1

Pivot: 91.10

Our preference: LONG positions above 91.1 with targets @ 93.4 95.1.

Alternative scenario: The downside penetration of 91.1 will call for a slide towards 90.3 89.3.

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

Trend: ST Bearish; MT Range

Key levels Comment

96.15* Intraday resistance

95.1* Intraday resistance

93.4** Fib retracement (61.8%)

92.36 Last

91.1** Intraday pivot point

90.3** Intraday support

89.3** Intraday support

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