Tanalys

Crude Oil (May 13) intraday: under pressure.

Pivot: 96.00

Our preference: SHORT positions below 96 with 94 93.6 in sight.

Alternative scenario: The upside penetration of 96 will call for a rebound towards 96.9 97.85.

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

Trend: ST Ltd upside; MT Range

Key levels Comment

97.85** Intraday resistance

96.9** Intraday resistance

96** Intraday pivot point

94.32 Last

94*** Intraday support

93.6** Intraday support

92.8** Fib retracement (61.8%)

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