Tanalys

Crude Oil (Jun 13) intraday: the downside prevails.

Pivot: 89.35

Our preference: SHORT positions below 89.35 with targets @ 87.8 86.6.

Alternative scenario: The upside penetration of 89.35 will call for 90.6 92.1.

Comment: as long as the resistance at 89.35 is not surpassed, the risk of the break below 87.8 remains high.

Trend: ST Bearish; MT Range

Key levels Comment

92.1** Fib retracement (61.8%)

90.6** Fib retracement (50%)

89.35*** Intraday pivot point

88.59 Last

87.8** Intraday support

86.6* Intraday support

85.9** Fib projection

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