Tanalys

Crude Oil (Nov 13) intraday: bullish bias above 106.45

Pivot: 106.45

Our preference: LONG positions above 106.45 with targets @ 107.15 107.5.

Alternative scenario: The downside penetration of 106.45 will call for 106.05 105.65.

Comment: intraday support around 106.45

Trend: ST Bullish; MT Bullish

Key levels Comment

107.95** Intraday resistance

107.5** Intraday resistance

107.15** Intraday resistance

106.92 Last

106.45*** Intraday pivot point

106.05** Intraday support

105.65** Intraday support

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