Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: key resistance at 102.5.

Pivot: 102.5

Our preference: Short positions below 102.5 with targets @ 101 100.4 in extension.

Alternative scenario: Above 102.5 look for further upside with 103.45 104 as targets.

Comment: as long as 102.5 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

104

103.45

102.5

102.4 Last

101

100.4

99.3

Copyright 1999 – 2014 TRADING CENTRAL

Exit mobile version