Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: capped by a negative trend line.

Pivot: 102.15

Our preference: Short positions below 102.15 with targets @ 100.3 99 in extension.

Alternative scenario: Above 102.15 look for further upside with 102.85 103.95 as targets.

Comment: as long as 102.15 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

103.95

102.85

102.15

101.4 Last

100.3

99

98.15

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