Tanalys

Crude Oil (May 13) intraday: key ST resistance at 92

Pivot: 92.00

Our preference: SHORT positions below 92 with 90 89 as next targets.

Alternative scenario: The upside breakout of 92 will open the way to 92.5 93.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Ltd upside; MT Range

Key levels Comment

93** Intraday resistance

92.5** Intraday resistance

92** Intraday pivot point

91.03 Last

90* Intraday support

89** Intraday support

87.7** Intraday support

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