Tanalys

Crude Oil (Nov 13) intraday: key ST resistance at 102

Pivot: 102.00

Our preference: SHORT positions below 102 with 100 99.5 as next targets.

Alternative scenario: The upside breakout of 102 will open the way to 102.95 103.55.

Comment: as long as 102 is resistance, look for choppy price action with a bearish bias.

Trend: ST Ltd downside; MT Range

Key levels Comment

103.55** Intraday resistance

102.95** Intraday resistance

102** Intraday pivot point

100.78 Last

100** Intraday support

99.5** Intraday support

98.4** Intraday support

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