Tanalys

Crude Oil (May 13) intraday: key ST resistance at 97.85

Pivot: 97.85

Our preference: SHORT positions below 97.85 with 95.9 95.25 in sight.

Alternative scenario: The upside penetration of 97.85 will call for 98.35 98.95.

Comment: the RSI is capped by a declining trend line.

Trend: ST Ltd upside; MT Range

Key levels Comment

98.95** Intraday resistance

98.35** Intraday resistance

97.85** Intraday pivot point

96.85 Last

95.9** Intraday support

95.25** Intraday support

94** Intraday support

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