Tanalys

Crude Oil (Nov 13) intraday: turning down.

Pivot: 106.70

Our preference: SHORT positions below 106.7 with 104.9 104.4 as next targets.

Alternative scenario: The upside breakout of 106.7 will open the way to 107.35 108.15.

Comment: the RSI is below its neutrality area at 50%

Trend: ST Consolidation; MT Bullish

Key levels Comment

108.15** Intraday resistance

107.35** Intraday resistance

106.7*** Intraday pivot point

105.62 Last

104.9** Intraday support

104.4** Intraday support

104** Intraday support

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