Tanalys

Crude Oil (Nov 13) intraday: further upside.

Pivot: 105.70

Our preference: LONG positions above 105.7 with 108.2 108.75 in sight.

Alternative scenario: The downside penetration of 105.7 will call for 104.4 103.75.

Comment: the RSI is well directed.

Trend: ST Consolidation; MT Bullish

Key levels Comment

109.4** Intraday resistance

108.75** Intraday resistance

108.2** Intraday resistance

107.5 Last

105.7*** Intraday pivot point

104.4** Intraday support

103.75** Intraday support

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