Tanalys

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

Pivot: 105.25

Our preference: Short positions below 105.25 with targets @ 91.25 85.7 in extension.

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

Comment: the RSI is bearish and calls for further decline.

Supports and resistances:

112.25

108.8

105.25

97.8 Last

91.25

85.7

77.3

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