Tanalys

Crude Oil (Nov 13) intraday: key ST resistance at 107.3

Pivot: 107.30

Our preference: SHORT positions below 107.3 with 105.6 104.7 in sight.

Alternative scenario: The upside penetration of 107.3 will call for 108.2 108.7.

Comment: as long as the resistance at 107.3 is not surpassed, the risk of the break below 105.6 remains high.

Trend: ST Bullish; MT Bullish

Key levels Comment

108.7** Intraday resistance

108.2** Intraday resistance

107.3** Intraday pivot point

106.92 Last

105.6*** Intraday support

104.7** Intraday support

103.75** Intraday support

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