Tanalys

Crude Oil (NYMEX) (Dec 13) Intraday: bullish bias above 92.5.

Pivot: 92.5

Our preference: Long positions above 92.5 with targets @ 94.55 95.35 in extension.

Alternative scenario: Below 92.5 look for further downside with 92 91.4 as targets.

Comment: a support base at 92.5 has formed and has allowed for a temporary stabilisation.

Supports and resistances:

96.05

95.35

94.55

93.59 Last

92.5

92

91.4

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