Tanalys

Crude Oil (Jun 13) intraday: bullish bias above 94.4

Pivot: 94.40

Our preference: LONG positions above 94.4 with 97.1 98 as next targets.

Alternative scenario: The downside penetration of 94.4 will call for 93.25 92.1.

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

Trend: ST Range; MT Range

Key levels Comment

99.4** Intraday resistance

98** Intraday resistance

97.1** Intraday resistance

95.99 Last

94.4** Intraday pivot point

93.25** Intraday support

92.1** Intraday support

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