Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: bullish bias above 102.

Pivot: 102

Our preference: Long positions above 102 with targets @ 103.45 104 in extension.

Alternative scenario: Below 102 look for further downside with 101.3 100.8 as targets.

Comment: the RSI has just landed on a support around 30% and is reversing up.

Supports and resistances:

104.5

104

103.45

102.1 Last

102

101.3

100.8

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