Tanalys

Crude Oil (Jun 13) intraday: turning down.

Pivot: 94.65

Our preference: SHORT positions below 94.65 with 92 91.1 in sight.

Alternative scenario: The upside breakout of 94.65 will open the way to 96.15 97.7.

Comment: the RSI advocates for further downside.

Trend: ST Bearish; MT Range

Key levels Comment

97.7* Intraday resistance

96.15* Intraday resistance

94.65** Intraday pivot point

93.58 Last

92** Intraday support

91.1** Intraday support

90.3** Fib retracement (50%)

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