Tanalys

Crude Oil (Nov 13) intraday: bullish bias above 101

Pivot: 101.00

Our preference: LONG positions above 101 with 103.15 103.75 in sight.

Alternative scenario: The downside breakout of 101 will open the way to 99.65 98.4.

Comment: the RSI is bullish and calls for further upside.

Trend: ST Consolidation; MT Bullish

Key levels Comment

105** Intraday resistance

103.75** Intraday resistance

103.15*** Intraday pivot point

102.3 Last

101** Intraday support

99.65** Intraday support

98.4** Intraday support

Copyright 1999 – 2013 TRADING CENTRAL

Exit mobile version