Tanalys

Crude Oil (Nov 13) intraday: key ST resistance at 105.1

Pivot: 105.10

Our preference: SHORT positions below 105.1 with targets @ 103.1 101.9.

Alternative scenario: The upside penetration of 105.1 will call for 106.1 106.9.

Comment: the immediate trend remains down and the momentum is strong.

Trend: ST Consolidation; MT Bullish

Key levels Comment

106.9** Intraday resistance

106.1** Intraday resistance

105.1** Intraday pivot point

103.62 Last

103.1** Intraday support

101.9** Intraday support

100.85** Intraday support

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