Tanalys

Crude Oil (Nov 13) intraday: rebound.

Pivot: 102.10

Our preference: LONG positions above 102.1 with targets @ 104.95 106.2.

Alternative scenario: The downside penetration of 102.1 will call for 101 99.65.

Comment: the RSI is supported by a rising trend line.

Trend: ST Ltd downside; MT Range

Key levels Comment

107.4** Intraday resistance

106.2** Intraday resistance

104.95** Intraday resistance

103.88 Last

102.1*** Intraday pivot point

101** Intraday support

99.65** Intraday support

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