Tanalys

Crude Oil (May 13) intraday: further advance.

Pivot: 96.25

Our preference: LONG positions above 96.25 with targets @ 97.85 98.35.

Alternative scenario: The downside penetration of 96.25 will call for 95.25 94.

Comment: the RSI is bullish and calls for further upside.

Trend: ST Ltd upside; MT Range

Key levels Comment

98.95** Intraday resistance

98.35** Intraday resistance

97.85** Intraday pivot point

97.11 Last

96.25** Intraday pivot point

95.25** Intraday support

94** Intraday support

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