Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: choppy.

Pivot: 103.45

Our preference: Short positions below 103.45 with targets @ 101.3 100.8 in extension.

Alternative scenario: Above 103.45 look for further upside with 104 104.5 as targets.

Comment: as long as 103.45 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

104.5

104

103.45

101.92 Last

101.3

100.8

100.4

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