Tanalys

Crude Oil (Jun 13) intraday: the bias remains bullish.

Pivot: 87.80

Our preference: LONG positions above 87.8 with 89.4 90.6 in sight.

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

Comment: the next resistances are at 89.4 and then at 90.6.

Trend: ST Bearish; MT Range

Key levels Comment

92.1** Intraday resistance

90.6** Intraday resistance

89.4*** Intraday resistance

89.35 Last

87.8** Intraday pivot point

86.6* Previous low

85.9** Intraday support

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