Tanalys

Crude Oil (May 13) intraday: turning down.

Pivot: 94.80

Our preference: SHORT positions below 94.8 with targets @ 92.45 91.9.

Alternative scenario: The upside breakout of 94.8 will open the way to 95.6 95.9.

Comment: the RSI is bearish and calls for further decline.

Trend: ST Ltd upside; MT Range

Key levels Comment

95.9** Intraday resistance

95.6** Intraday resistance

94.8** Intraday pivot point

93.36 Last

92.45* Intraday support

91.9** Intraday support

90** Intraday support

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