Tanalys

Crude Oil (Jun 13) intraday: rebound in sight.

Pivot: 87.80

Our preference: LONG positions above 87.8 with targets @ 90.6 92.1.

Alternative scenario: The downside breakout of 87.8 will open the way to 86.6 85.9.

Comment: the next resistances are at 90.6 and then at 92.1.

Trend: ST Bearish; MT Range

Key levels Comment

93.8** Fib projection

92.1** Fib projection

90.6*** Intraday resistance

89.29 Last

87.8** Intraday pivot point

86.6* Previous low

85.9** Intraday support

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