Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: consolidation in place.

Pivot: 103.1

Our preference: Short positions below 103.1 with targets @ 101.56 101 in extension.

Alternative scenario: Above 103.1 look for further upside with 103.45 104 as targets.

Comment: as long as the resistance at 103.1 is not surpassed, the risk of the break below 101.56 remains high.

Supports and resistances:

104

103.45

103.1

101.9 Last

101.56

101

100.3

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