Tanalys

Crude Oil (Nov 13) intraday: the downside prevails.

Pivot: 107.55

Our preference: SHORT positions below 107.55 with 106.45 106.05 as next targets.

Alternative scenario: The upside penetration of 107.55 will call for a rebound towards 108.2 108.7.

Comment: break of a ST rising trendline support.

Trend: ST Bullish; MT Bullish

Key levels Comment

108.7** Intraday resistance

108.2** Intraday resistance

107.55** Intraday pivot point

106.92 Last

106.45** Intraday support

106.05** Intraday support

105.65** Intraday support

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