Tanalys

Crude Oil (Nov 13) intraday: key ST resistance at 104.4

Pivot: 104.40

Our preference: SHORT positions below 104.4 with 101.9 100.85 as next targets.

Alternative scenario: The upside breakout of 104.4 will open the way to 105 105.6.

Comment: the RSI is badly directed.

Trend: ST Consolidation; MT Bullish

Key levels Comment

105.6** Fib retracement (50%)

105** Fib retracement (38.2%)

104.4** Intraday pivot point

103.14 Last

101.9** Intraday support

100.85** Intraday support

99.65** Intraday support

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