Tanalys

Crude Oil (May 13) intraday: further upside.

Pivot: 93.40

Our preference: LONG positions above 93.4 with 94.8 95.6 in sight.

Alternative scenario: The downside penetration of 93.4 will call for a slide towards 92.9 91.9.

Comment: technically, the RSI is above its neutrality area at 50.

Trend: ST Ltd upside; MT Range

Key levels Comment

95.9** Intraday resistance

95.6** Intraday resistance

94.8** Intraday resistance

94 Last

93.4** Intraday pivot point

92.9** Intraday support

91.9** Intraday support

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