Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: bullish bias above 101.55.

Pivot: 101.55

Our preference: Long positions above 101.55 with targets @ 102.85 103.5 in extension.

Alternative scenario: Below 101.55 look for further downside with 100.12 99.25 as targets.

Comment: a support base at 101.55 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

103.95

103.5

102.85

102.17 Last

101.55

100.12

99.25

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