Tanalys

Crude Oil (NYMEX) (Apr 14) MT: the downside prevails.

Pivot: 105.25

Our preference: Short positions below 105.25 with targets @ 95.3 91.25 in extension.

Alternative scenario: Above 105.25 look for further upside with 108.8 112.25 as targets.

Comment: technically, the RSI is below its neutrality area at 50. The 20-day moving average is turning down.

Supports and resistances:

112.25

108.8

105.25

99.63 Last

95.3

91.25

85.7

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