Tanalys

Crude Oil (Nov 13) intraday: key ST resistance at 103.3

Pivot: 103.30

Our preference: SHORT positions below 103.3 with 102.2 100.85 as next targets.

Alternative scenario: The upside penetration of 103.3 will call for a rebound towards 103.95 105.

Comment: capped by a negative trend line.

Trend: ST Consolidation; MT Bullish

Key levels Comment

105** Intraday resistance

103.95** Intraday resistance

103.3** Intraday pivot point

102.71 Last

102.2** Intraday support

100.85** Intraday support

99.65** Intraday support

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