Tanalys

Crude Oil (NYMEX) (Apr 14) Intraday: turning down.

Pivot: 102.75

Our preference: Short positions below 102.75 with targets @ 101.7 101.3 in extension.

Alternative scenario: Above 102.75 look for further upside with 103.3 103.9 as targets.

Comment: the RSI is capped by a bearish trend line.

Supports and resistances:

103.9

103.3

102.75

101.96 Last

101.7

101.3

100.8

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